Swedish Match

Common card · No. 261453

Swedish Match AB is a Swedish multinational company headquartered in Stockholm. The company manufactures snus, nicotine pouches, moist snuff, tobacco- and nicotine-free pouch products, chewing tobacco, chew bags, tobacco bits, cigars, matches, lighters, and other fire products with operations in Sweden, Denmark, the United States, the Dominican Republic, Brazil, the Netherlands, and the Philippines. The company's origins can be traced back to 1868, and Ivar Kreuger. Swedish Match has played an important part in Sweden's industrial development. In May 2022, Philip Morris launched a takeover bid for Swedish Match. Despite some shareholder resistance, by late November 2022 Philip Morris had acquired over 90% ownership, allowing it to begin the compulsory purchase of remaining shares and de-list Swedish Match from the stock market.

Read on Wikipedia · Image Bert Leandersson, CC BY-SA 3.0