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Swedish Match North America Inc history
Swedish Match North America Inc company history timeline
In 1987 it acquired Britain's second-largest match manufacturer, Wilkinson Sword.
1988: Swedish Match is acquired by Stora Kopparbergs Bergslags AB.
In 1989, Procodia was listed on the Stockholm Stock Exchange.
Stora's parentage was short-lived, however, as Swedish Match was sold to Volvo in 1990.
In 1994, they were joined into one group under the company name Swedish Match.
Volvo eventually spun Swedish Match off to its shareholders in 1996, in a deal worth SKr 10.1 billion.
With the ascension of Lennart Sunden as CEO in 1998, the company began to change the way it presented snuff.
In 1999, the company sold its cigarette manufacturing to Austria Tabak but is still active as a distributor of cigarettes on the Swedish market.
Consequently in 1999 the company made one significant divestiture and a major acquisition.
Swedish Match re-launched its Swan brand in 1999, aiming it more at younger smokers.
In 2000 the company made another major purchase in the North American market, paying $165 million for the chewing tobacco brands of National Tobacco Company.
In 2010, Swedish Match and Scandinavian Tobacco Group (STG) formed a new company specialized in cigars.
As of December 31, 2011, the Company had 20 directly held subsidiaries, including the wholly owned Swedish Match North Europe AB, Swedish Match Distribution AB, Swedish Match Cigars Holding AB, Svenskt Snus AB and GC Sweden AB, among others.”
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Swedish Match North America Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Purple Beverage | - | $284.9K | 5 | - |
| UNX | 1999 | $16.0M | 100 | - |
| BigIron | 1982 | $15.0M | 201 | - |
| CityGrid Media | 1996 | $2.4M | 66 | - |
| Ncrease | 2015 | $690,000 | 50 | - |
| Biomedix | 1997 | $5.4M | 20 | - |
| HomeSphere | 1999 | $5.7M | 68 | - |
| Screenvision Media | 1990 | $13.0M | 358 | 3 |
| Allister Business Solutions | 1985 | $3.9M | 50 | - |
| Beacon Payments | 2008 | $5.0M | 125 | - |
Swedish Match North America Inc history FAQs
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Swedish Match North America Inc may also be known as or be related to Swedish Match North America and Swedish Match North America Inc.