Altria Completes Acquisition of NJOY Holdings for About $2.75 Billion
June 1, 2023
Altria Group has completed its acquisition of NJOY Holdings for approximately $2.75 billion in cash, with up to an additional $500 million in contingent payments tied to FDA regulatory outcomes for certain NJOY products. The transaction expands Altria’s smoke-free portfolio and supports commercialization of NJOY ACE through Altria’s U.S. distribution network.
- Buyers
- Altria Group, Inc.
- Targets
- NJOY Holdings, Inc.
- Industry
- Healthcare Services
- Location
- United States
- Transaction Type
- Buyout
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