The tobacco industry did not let the pandemic hamper its operations. In fact, the industry was one of the few that actually benefited from the pandemic, with Phillip Morris International (PMI) and British American Tobacco (BAT), two of the largest players in the market, generating revenues as high as US$82 billion and US$35 billion in 2021, respectively.
industries
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Consumer Products
Tobacco Products
— Statista
Revenue
Select Advertising M&A Transactions
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sold
Adco Distributors
consumer products — Tobacco Products
Adco Distributors is a wholesale distributor of major cigarette brands and specialty cigarettes, all types of tobacco products, sundry items, candy, and various grocery products. It was founded in 1960 and is based in Canton, Ohio.
Acquired by TAAT Global Alternatives
sold
HLND Holdings
consumer products — Tobacco Products
HLND presently maintains a network of more than 5,000 convenience stores through its direct and indirect relationships with independent and corporate retailers as well as a network of regional sub-distributors.
Acquired by TAAT Global Alternatives
sold
Tobacco Superstore
consumer products — Tobacco Products
Forrest City, Arkansas-based Tobacco Superstores includes 79 Tobacco Stores spread across Arkansas, Tennessee, Mississippi, Missouri, and Kentucky.
Acquired by Smoker Friendly