London - Swedish Match, the last independent smokeless tobacco company, may attract a bid from a cigarette maker now that Altria's bid for UST is set to make the U.S. market more competitive.
While cigarette smoking in the mature markets of Western Europe and the United States is declining, snuff consumption is rising in the United States, driven by the perception that it is not as harmful as cigarettes, prompting two takeovers in the last two years.
Snuff is moist tobacco placed under the upper lip rather than smoked and is Swedish Match's biggest and most profitable product, largely limited to the United States, the world's biggest market, along with Sweden and Norway.
Some analysts say a front-runner is Lorillard, the third-largest U.S. cigarette maker, which unlike some potential buyers already has a large U.S. distribution network. Lorillard declined to comment. More... Nutty News - Cigarettes America Front Page News
While cigarette smoking in the mature markets of Western Europe and the United States is declining, snuff consumption is rising in the United States, driven by the perception that it is not as harmful as cigarettes, prompting two takeovers in the last two years.
Snuff is moist tobacco placed under the upper lip rather than smoked and is Swedish Match's biggest and most profitable product, largely limited to the United States, the world's biggest market, along with Sweden and Norway.
Some analysts say a front-runner is Lorillard, the third-largest U.S. cigarette maker, which unlike some potential buyers already has a large U.S. distribution network. Lorillard declined to comment. More... Nutty News - Cigarettes America Front Page News
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