Swedish Match agrees to acquire CYAN d.o.o., Slovenia

3/28/2003 3:59 AM EST

Swedish Match has reached an agreement to acquire all shares in CYAN d.o.o., Slovenia. CYAN and Swedish Match have had a strong and successful relationship over the past several years, with CYAN as the distributor for its tobacco products. Suppliers of CYAN include Swedish Match and many other tobacco companies. CYAN primarily distributes cigars, and also distributes other tobacco products and accessories. CYAN had turnover of 2.8 million Euro in 2002.

The price of the acquisition has not been disclosed.

Swedish Match

Swedish Match develops, manufactures, and sells market-leading brands in product areas Snus and snuff, Other tobacco products (US mass market cigars and chewing tobacco), and Lights (matches and lighters).

Well known bran...

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Swedish Match agrees to acquire CYAN d.o.o., Slovenia