KT&G and Altria to acquire Another Snus Factory for SEK1.76bn.

KT&G, a Korean tobacco and consumer products company, and Altria, a US-based tobacco manufacturer, agreed to acquire Another Snus Factory, a Nordic-based nicotine pouch manufacturing and sales company, for SEK1.76bn. “Through our collaboration, we secured a path to growth in next-generation tobacco products by expanding our business from cigarettes to nicotine pouches and other areas. KT&G and Altria will seek to maximize synergies and accelerate innovation across the nicotine and non-nicotine spaces,” Kyung-man Bang, KT&G CEO.