Swedish Match agrees to acquire CYAN d.o.o., Slovenia

Swedish Match has reached an agreement to acquire all shares in CYAN d.o.o., Slovenia. CYAN and Swedish Match have had a strong and successful relationship over the past several years, with CYAN as the distributor for its tobacco products. Suppliers of CYAN include Swedish Match and many other tobacco companies. CYAN primarily distributes cigars, and also distributes other tobacco products and accessories. CYAN had turnover of 2.8 million Euro in 2002.

The price of the acquisition has not been disclosed.

About Us

Swedish Match develops, manufactures, and sells quality products with market-leading brands. Swedish Match’s product areas are Snus and moist snuff, Other tobacco products (cigars and chewing tobacco), Lights (matches, lighters, and complementary products), and Other operations. Production is located in six countries, with sales concentrated in Scandinavia and the US. The Swedish Match share is listed on Nasdaq Stockholm (SWMA). Swedish Match’s vision is a world without cigarettes. Some of its well-known brands include: General, Longhorn, White Owl, Red Man, Fiat Lux, and Cricket.

Subscribe

Documents & Links