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

Philip Morris International Acquires Vectura Group plc

July 9, 2021

Pharmaceuticals

Philip Morris International (PMI) agreed to acquire UK-based inhaled drug-delivery specialist Vectura Group plc in an all-cash recommended offer valuing Vectura at GBP 852 million (150 pence per share). The acquisition is intended to accelerate PMI's "Beyond Nicotine" strategy by adding inhaled-therapeutics R&D, device/formulation capabilities and a pipeline of inhaled and oral product opportunities.

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.

Altria Acquires NJOY Holdings, Inc.

June 1, 2023

Consumer Products

Altria Group, Inc. has completed its acquisition of NJOY Holdings, Inc., adding the FDA-authorized NJOY ACE e-vapor product to its smoke-free portfolio. The transaction involved approximately $2.75 billion in cash funding (financed via a $2.0 billion term loan, commercial paper and available cash) and includes up to $500 million in contingent payments tied to regulatory outcomes. Altria said NJOY will be marketed by NJOY, LLC (a wholly owned subsidiary) and that NJOY results will be reported within its "All Other" category; the company updated 2023 adjusted diluted EPS guidance to reflect investments behind commercialization of ACE.

Japan Tobacco (JT Group) Acquires Vector Group Ltd.

August 21, 2024

Consumer Products

Japan Tobacco Inc. (JT Group) acquired Vector Group Ltd. through a cash tender offer at $15.00 per share, representing approximately $2.4 billion of equity value. The transaction, effected by tender offer and a statutory merger (Vapor Merger Sub Inc.), makes Vector Group a wholly owned subsidiary of JT and expands JT’s presence and distribution network in the U.S. combustibles market.

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.

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.