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| Type | Public (OMX: SWMA) |
|---|---|
| Founded | 1917 |
| Headquarters | Stockholm, Sweden |
| Key people | Conny Karlsson (Chairman of the board), Lars Dahlgren (President and CEO) |
| Industry | Tobacco and related products |
| Products | Tobacco, matches and lighters |
| Revenue | SEK 13,162 million (2008)[1] |
| Profit | ▲ SEK 2,261 million (2008)[1] |
| Employees | 11,866 (2008)[1] |
| Website | www.swedishmatch.com |
Swedish Match is a Swedish company based in Stockholm that makes snus, tobacco, cigars (handmade and processed), Red Man Chewing Tobacco, dipping tobacco, matches and lighters. It was founded as Svenska Tändsticksaktiebolaget by Ivar Kreuger in 1917 in Jönköping (also known as "City of the matches"). The company changed its name in 1980.
By expanding through acquisition of national monopolies and merging with the British company Bryant and May, in 1926, it became the world's largest match manufacturer.
In the U.S., one of its products is Timber Wolf, a brand of snuff.[2] The company also expanded into the United States premium cigar business by purchasing General Cigar Company Inc. (producer of Macanudo, Partagas and Punch) from Edgar Cullman and El Credito Cigar Company (producer of La Gloria Cubana and El Rico Habano) from Ernesto Perez-Carrillo.
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Cigar Brands
U.S. Premium
All produced in the Dominican Republic or Honduras:[3]
- Macanudo
- Partagas
- Punch
- Hoyo de Monterey
- La Gloria Cubana
- Cohiba
- Helix
- Don Tomas
U.S. Machine-Made
- White Owl
- Garcia y Vega
- Game by Garcia y Vega
Europe Machine-Made
- La Paz
- Willem II
- Bellman
- Oud Kampen
- Justus van Maurik
- Hajenius
- Hofnar
Expansion in Southeast Asia
In 1999, Swedish Match has signed an agreement to acquire 40 percent of Indonesia's largest producer of matches, P.T. Java Match Factory (Jamafac). The company has production units in Jakarta and Bandung.
Cooperation between Swedish Match and P.T. Jamafac, which was initiated in 1971 and expanded in 1996, has now been formalized in a joint venture agreement aimed at strengthening Swedish Match’s position in Southeast Asia.
References
- ^ a b c "Annual Results 2008". Swedish Match. http://www.swedishmatch.com/Reports/Interim%20reports/2008_Q4_EN.pdf. Retrieved 2009-03-10.
- ^ Smokeless in the US, Timber Wolf a solid success - Swedish Match
- ^ Official Site
See also
External links
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