Swedish Match
Swedish Match AB is a Swedish multinational tobacco company headquartered in Stockholm. The company manufactures snus, nicotine pouches, moist snuff, tobacco- and nicotine-free pouch products, chewing tobacco, chew bags, tobacco bits, cigars, matches, and lighters, with operations in Sweden, Denmark, the United States, the Dominican Republic, Brazil, the Netherlands, and the Philippines. The company's origins can be traced back to 1868, and Ivar Kreuger. Swedish Match has played an important part in Sweden's industrial development.
Manufacturing facility HQ in Kungälv, Sweden | |
| Company type | Subsidiary |
|---|---|
| Nasdaq Stockholm: SWMA LSE: 0GO4 | |
| Industry | Tobacco |
| Founded | 1915 |
| Headquarters | Stockholm, Sweden |
Key people | Conny Karlsson (Chairman) Lars Dahlgren (President and CEO) |
| Products | Snus, nicotine pouches, moist snuff, tobacco- and nicotine-free pouch products, chewing tobacco, chew bags, tobacco bits, cigars, matches, lighters |
| Revenue | 18.489 billion kr (2021) |
| 8.286 billion kr (2021) | |
| 6.218 billion kr (2021) | |
| Total assets | 16.152 billion kr (2021) |
| Total equity | –6.669 billion kr (2021) |
Number of employees | 7,523 (2021) |
| Website | www |
In May 2022, Philip Morris launched a takeover bid for Swedish Match. Despite some shareholder resistance, by late November 2022 Philip Morris had acquired over 90% ownership, allowing it to begin the compulsory purchase of remaining shares and de-list Swedish Match from the stock market.