Announced
Completed
Financials
Tags
Single Bidder
Completed
Friendly
e-cigarettes
Acquisition
United States
Personal Products
Majority
Cross Border
Private
Synopsis
Japan Tobacco, a Japanese diversified tobacco company, completed the acquisition of Logic Technology Development, a US e-cigarette brand. Financial terms were not disclosed. “With the Logic brand and its strong portfolio of products, the JT Group has a sizeable participation in the largest and fast-growing US e-cigarette market. Logic’s well-established presence in the US, in addition to our acquisition of E-Lites in the UK, further underpins our global ambitions to become the leader in emerging products," Masamichi Terabatake, Japan Tobacco International Executive Vice President and Deputy CEO.
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