British American Tobacco (Modoral Brands) Acquires DRYFT Sciences' Nicotine Pouch Product Assets

Imperial Brands PLC Acquires Black Buffalo

May 27, 2026

Healthcare Services

Imperial Brands PLC, parent of ITG Brands, acquired Black Buffalo, a differentiated modern oral business, to expand ITG Brands’ U.S. oral nicotine portfolio. The deal is valued at an initial $150 million plus additional deferred payments tied to performance over three years, with Black Buffalo employees joining Imperial Brands.

Dr. Reddy's to Acquire Haleon's Nicotinell Global NRT Portfolio (Outside the United States)

June 26, 2024

Healthcare Services

Dr. Reddy’s Laboratories SA has signed a definitive agreement to purchase Haleon’s Haleon group company Northstar Switzerland SARL to acquire Haleon’s global Nicotinell nicotine replacement therapy (NRT) brand portfolio outside the United States. The deal includes Nicotinell plus local leading brand names (Nicabate, Habitrol, Thrive) and applicable pipeline products, with about GBP 217 million revenue reported for the portfolio in CY23.

Perfetti Van Melle Acquires Mondelēz International's Developed‑Market Gum Business

October 2, 2023

Food & Beverage

Perfetti Van Melle has completed the acquisition of Mondelēz International's developed‑market gum business across the United States, Canada and Europe (excluding Portugal pending Portuguese regulatory approval). The deal transfers brands such as Trident, Dentyne, Stimorol, Hollywood, V6, Chiclets, Bubbaloo and Bubblicious as well as manufacturing facilities in Rockford, Illinois and Skarbimierz, Poland to Perfetti Van Melle, significantly expanding its North American and European footprint.

Philip Morris International to Acquire Vectura Group

July 9, 2021

Healthcare Services

Philip Morris International (PMI) announced it has agreed to an all-cash, recommended offer to acquire Vectura Group plc for an enterprise value of GBP 852 million (approximately USD 1.2 billion). The deal is expected to close in the second half of 2021, subject to shareholder and regulatory approvals.

Philip Morris International Acquires Fertin Pharma from EQT Private Equity

July 1, 2021

Pharmaceuticals

Philip Morris International has agreed to acquire Fertin Pharma, a Denmark-headquartered specialist CDMO in oral and intra-oral delivery technologies, from EQT Private Equity for a headline enterprise value of DKK 5.1 billion. Fertin Pharma — which operates sites in Denmark, Canada and India and employs more than 860 people — will strengthen PMI's smoke-free and beyond-nicotine product capabilities; the transaction is subject to customary approvals.

Perrigo Acquires Oral Care Assets of High Ridge Brands

April 2, 2020

Consumer Products

Perrigo Company plc completed the acquisition of the oral self-care assets of High Ridge Brands, acquiring brands including Firefly, REACH and Dr. Fresh. The tuck-in purchase expands Perrigo's consumer self-care portfolio and builds on its July 2019 Ranir acquisition to strengthen its position in value children's oral care and broader oral self-care offerings.