Japan Tobacco buying European roll-your-own company

(Reuters) Japan Tobacco Inc (JT), the world's third-largest cigarette maker, said on Thursday it will buy Belgian tobacco product maker Gryson NV for 475 million euros ($597.7 million) to cut its reliance on the domestic market. ... Gryson has established stakes in the markets for individually made machine and hand-rolled cigarettes in several European countries, including France, Portugal and Spain.
JT will acquire all shares in Gryson, which produces filters, loose tobacco and rolling papers for brands like Domingo, Fleur du Pays and Orlando, from unlisted GT&Co BVBA using existing funds and loan facilities. Continued