M&A Deal Summary

Philip Morris International Acquires Swedish Match

On October 20, 2022, Philip Morris International acquired manufacturer Swedish Match for 2.7B USD

Acquisition Highlights
  • This is Philip Morris International’s 1st transaction in the Manufacturing sector.
  • This is Philip Morris International’s largest (disclosed) transaction.
  • This is Philip Morris International’s 2nd transaction in Sweden.

M&A Deal Summary
Date 2022-10-20
Target Swedish Match
Sector Manufacturing
Buyer(s) Philip Morris International
Deal Type Add-on Acquisition
Deal Value 2.7B USD

Target

Swedish Match

Stockholm, Sweden
Swedish Match develops, manufactures, markets, and sells quality products with market leading brands in the product areas Snus and moist snuff, Other tobacco products (cigars and chewing tobacco), and Lights (matches and lighters). Swedish Match was founded in 1915 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Philip Morris International

Stamford, Connecticut, United States
Category Company
Founded 1987
Sector Consumer Products
Employees82,700
Revenue 35.2B USD (2023)
DESCRIPTION

Philip Morris International is a cigarette and tobacco company. Phillip Morris sells products in over 200 countries. Philip Morris International was founded in 1987 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 7 of 8
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 7 of 7
Country (Sweden) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Otitopic

Los Angeles, California, United States

OtiTopic is an innovative pharmaceutical start-up company that holds several key patents, differentiated intellectual property, and has confirmed a 505(b)2 pathway through constructive interactions with the FDA. OtiTopic was formed in 2012 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-22 The Eastern

Naugatuck, Connecticut, United States

The Eastern is a manufacturer of industrial hardware, security products and metal castings. The Eastern was founded in 1858 and is based in Naugatuck, Connecticut.

Buy -
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