Philip Morris International

Philip Morris International is a global tobacco company that manufactures and sells cigarettes, reduced‑risk and smoke‑free products, and related devices and accessories. Its portfolio includes heated tobacco and nicotine‑containing vapor products under IQOS and HEETS, as well as heat sticks, vapes, and oral nicotine offerings. The company markets a broad brand lineup, including Marlboro, Parliament, L&M, Chesterfield, and others, with a geographic focus outside the United States across Europe, Asia, the Middle East, Africa, and the Americas. In 2023 PMI broadened its US footprint through the acquisition of Swedish Match, gaining access to traditional oral tobacco products and nicotine pouches. PMI originated in 2008 from Altria’s international operations, emphasizing international markets and a diversified approach to tobacco products beyond conventional cigarettes.

Waynn Wu

Chief Strategy Officer

15 past transactions

EASTERN COMPANY S.A.E

Corporate Round in 2024
Eastern Company S.A.E. is a prominent manufacturer and trader of tobacco products based in Giza, Egypt, founded in 1920. The company produces a diverse range of items, including cigars, cigarettes, moassel, water pipe tobacco, pipe tobacco, Tuscani cigars, and cut rag tobacco. In addition to its extensive domestic operations, Eastern Company exports its products to various international markets, including countries in the Middle East, Africa, Europe, and Asia, such as Kuwait, Qatar, Lebanon, and the United States. Eastern Company S.A.E. operates as a subsidiary of The Holding Company for Chemical Industries, reflecting its integration within a larger corporate structure in the tobacco industry.

Syqe Medical

Acquisition in 2023
Syqe Medical specializes in transforming cannabis and other psychoactive botanicals into mainstream medical drugs. It offers the Syqe Inhaler Exo, a hospital-grade metered-dose inhaler designed for precise and consistent delivery of therapeutic molecules, enabling effective pain management with reduced psychoactive side effects.

Swedish Match

Acquisition in 2022
Swedish Match is a company that develops, manufactures, markets, and sells a range of quality tobacco and lighter products primarily in the United States and Scandinavia. Its product portfolio includes market-leading brands in categories such as snus, nicotine pouches, moist snuff, chewing tobacco, chew bags, cigars, as well as safety matches and lighters. The company focuses on providing smoke-free alternatives that are recognized as safer options compared to traditional cigarettes, catering to customers who seek quality and innovative tobacco products.

OtiTopic

Acquisition in 2021
OtiTopic is a pharmaceutical company based in Los Angeles, California, specializing in drug delivery and drug-device development services. The company is focused on advancing late-stage inhalable acetylsalicylic acid (ASA) treatments, utilizing dry powder inhalation technology to achieve a rapid onset of action. This innovative approach aims to address the unmet medical needs associated with acute myocardial infarction, offering patients a faster alternative for managing suspected myocardial infarction. OtiTopic's commitment to improving patient outcomes positions it as a significant player in the pharmaceutical industry.

Vectura Group

Acquisition in 2021
Vectura Group specializes in developing pharmaceutical therapies for treating airways-related diseases such as asthma and COPD. With a focus on inhalation products, the company offers formulation, development, manufacturing services, and integrated platforms to improve patient outcomes in this $30 billion global market.

Fertin Pharma

Acquisition in 2021
Fertin Pharma, headquartered in Vejle, Denmark, specializes in the development and production of innovative pharmaceutical and nutraceutical chewing gum products. The company is recognized as a leading B2B partner for nicotine chewing gum, collaborating with prominent global pharmaceutical firms. As a family-owned business with a deep-rooted history in chewing gum, Fertin Pharma manages all aspects of product development and manufacturing. Its extensive portfolio includes oral and intra-oral delivery systems designed to support healthier living, including extruded gum for Nicotine Replacement Therapy and applications in oral care, gastrointestinal health, pain management, and allergy relief. Fertin Pharma is committed to enhancing the effectiveness of active ingredients while ensuring an enjoyable consumer experience through effective taste masking and texture.

Syqe Medical

Funding Round in 2016
Syqe Medical specializes in transforming cannabis and other psychoactive botanicals into mainstream medical drugs. It offers the Syqe Inhaler Exo, a hospital-grade metered-dose inhaler designed for precise and consistent delivery of therapeutic molecules, enabling effective pain management with reduced psychoactive side effects.

Productora Tabacalera de Colombia

Acquisition in 2009
Productora Tabacalera de Colombia, S.A.S. engages in the production and sale of tobacco and cigarettes in Colombia and internationally.

Swedish Match (South Africa)

Acquisition in 2009
SMSA is the market leader in the South African pipe tobacco and snuff categories, which represent an estimated 31% of total tobacco consumption.

Rothmans

Acquisition in 2008
Rothmans is a Canadian manufacturer and distributor of tobacco products.

Lakson Tobacco Company

Acquisition in 2007
Lakson Tobacco Company was founded in 1971 and today is Pakistan’s second largest tobacco company, with an estimated 47% cigarette market share in fiscal year 2006. Lakson Tobacco’s shares are listed on the Karachi and Lahore stock exchanges. Lakson Tobacco’s principal activity is the manufacture and sale of cigarettes. Morven Gold and Diplomat are core brands in Lakson Tobacco’s mainstream portfolio, while Red & White and Marlboro, manufactured under licence from PMI, complement the portfolio. Lakson Tobacco operates four cigarette manufacturing facilities in Pakistan.

Rocker Production AB

Acquisition in 2006
Rocker Production engages in the manufacture and sale of smokeless tobacco products to snuff market.

Compania Colombiana de Tabaco S.A.S.

Acquisition in 2004
Compania Colombiana de Tabaco manufactures cigarettes and cut rags.

DIN Fabrika Duvana AD

Acquisition in 2003
DIN Fabrika Duvana AD manufactures cigarettes.

Papastratos Cigarette Manufacturing Company

Acquisition in 2003
Papastratos Cigarette Manufacturing Company is a manufactures cigarettes in Greece.
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