Friday, January 14, 2011

Reynolds to Sell Lane Ltd Tobacco Unit


(WSJ) Reynolds American Inc. said it has agreed to sell its Lane Ltd. roll-your-own and pipe tobacco unit to Denmark's Scandanavian Tobacco Group A/S for $205 million.
... Lane's products include Kite and Bugler roll-your-own tobacco and Captain Black pipe tobacco. It has about 110 employees at manufacturing and office facilities in Tucker, Ga. Continued

You can view Reynolds' press release here.

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