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Swedish Match AB
Manufacturing facility HQ in Kungälv, Sweden
Company type
Subsidiary
Traded as
Nasdaq Stockholm: SWMA LSE: 0GO4
Industry
Tobacco
Founded
1915; 109 years ago (1915)
Headquarters
Stockholm, Sweden
Key people
Conny Karlsson (Chairman) Lars Dahlgren (President and CEO)
Swedish Match AB is a Swedish multinational tobacco 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.[1][2][3] The company's origins can be traced back to 1868, and Ivar Kreuger.[4] Swedish Match has played an important part in Sweden's industrial development.[5]
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.[6]
Headquarters at Sveavägen, Stockholm, as of 2015
^ abcdefg"Annual report 2021" (PDF). Swedish Match AB. pp. 80–81, 94. Retrieved March 27, 2022.
^Cite error: The named reference hilip Morris International’s $16 Billion Recommended Cash Offer for Swedish Match was invoked but never defined (see the help page).
^Cite error: The named reference Swedish Match strikes record high on Philip Morris $16 bln takeover move was invoked but never defined (see the help page).
^"Annual Report 2018" (PDF). Swedish Match AB. p. 29. Retrieved November 26, 2021.
^"Swedish Match Inside No. 3" (PDF). Swedish Match AB. November 2006. p. 6. Retrieved November 26, 2021.
^Mannes, Marie (2022-11-28). "Philip Morris to de-list Swedish Match after raising stake to 93%". Reuters. Retrieved 2023-01-05.
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Global Information
18.489 billion kr (2021)[1]