Press releaseJul 16, 2001 2:18 PM
Swedish Match to strengthen its presence on the Italian tobacco market. Acquires distributor of tobacco products.
Swedish Match has entered into an
agreement to purchase the tobacco business of Maga s.p.a. one of
the leading independent distributors of niche tobacco products
(in this case cigars, pipe tobacco and accessories) in Italy with
a turnover of appr. 35 MSEK. The acquisition allows Swedish Match
to establish its own marketing and sales organization in the
important Italian market.
The transaction is expected to be
completed in the beginning of September 2001.
Swedish Match is an
international group with its head office in Stockholm. The
company manufactures a broad range of products within the OTP
(Other Tobacco Products) category, with smokeless tobacco as its
core business along with cigars and pipe tobacco, as well as
matches and lighters. The products are sold in approximately 140
countries. Sales for the twelve months ending March 31, 2001
amounted to 12,208 MSEK. Swedish Match is listed on OM
Stockholmsbörsen (SWMA) and on NASDAQ (SWMAY).
For further information,
please contact:
Emmett Harrison, Vice President, Investor Relations
office +46 8 658 01 73
mobile +46 70 938 01 73
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