27 Facts About Swedish Match

Swedish Match AB is a Swedish multinational tobacco company headquartered in Stockholm.

Swedish Match has played an important part in Sweden's industrial development.

In 1915, the Swedish Match government founded AB Svenska Tobaksmonopolet and nationalized all Swedish Match tobacco production plants.

The operations of Swedish Match were integrated with Procordia United Brands, one of Procordia's business operations, and was renamed Swedish Match to take advantage of international name recognition.

In 1994, Swedish Match functioned as an independent company and was later, in 1996, listed on the OMX Nordic Exchange Stockholm AB and on Nasdaq.

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Jamafac was divested in 2005 and now has a license agreement with Swedish Match to produce matches and distribute Cricket lighters in Indonesia.

In 2009, Swedish Match entered an agreement with Philip Morris International and formed the joint venture company SMPM International, with equal stakes owned by each of the two partners, for exploring and developing new markets for snus and other smokefree tobacco products outside Scandinavia and the United States.

Swedish Match brought its entire cigar business and pipe tobacco into the new company, while STG transferred all of its tobacco business.

In 2017, Swedish Match acquired V2 Tobacco, a producer of chew bags and snus, and in 2018, Oliver Twist, a producer of tobacco bits.

Also in 2018, Swedish Match bought a 95 percent stake in the Swedish company Gotlandssnus, which produces snus.

Swedish Match sells complementary products, such as razors, batteries and light bulbs, on the Brazilian market.

Swedish Match operates in eleven countries and has production units in seven of those: Brazil, Denmark, the Dominican Republic, the Netherlands, the Philippines, Sweden and the US.

Production of matches and lightersThe matches produced by Swedish Match are safety matches and are manufactured in Sweden and Brazil.

Swedish Match produces lighters in the Philippines, the Netherlands and Brazil.

In 2021, these smokeless products accounted for 67 percent of sales and 74 percent of Swedish Match's operating profit, whereas matches and lighters accounted for 7 percent of sales and 4 percent of operating profit.

Swedish Match's cigars accounted for 26 percent of sales and 23 percent of the operating profit.

Swedish Match generates most of its sales in Scandinavia and the US but has a significant worldwide presence through its matches and lighters businesses.

Swedish Match is market leader in snus in both Sweden and Norway.

Swedish Match's share was even greater in the recent past, as a series of acquisitions between 1999 and 2010 including General Cigar and Scandinavian Tobacco Group which is the world's largest cigar producer and manufactures more than 50 percent of the world's pipe tobacco.

However, in 2014 Swedish Match, having reorganized its premium-cigar businesses under the STG umbrella, spun off STG as a public company.

Swedish Match is active on the Brazilian market with disposable razors, batteries, light bulbs and toothpicks under the Fiat Lux brand.

Swedish Match is active in the smokeless products category, with several types of smokeless products, as well as in the other products category, with cigars.

Snus in 2019, Swedish Match was number one in both the Swedish and Norwegian markets, with 61 and 55 percent, respectively.

Nicotine pouches in 2019, Swedish Match was number two in the Swedish market and number three in the Norwegian market, with 26 and 15 percent, respectively.

Snus and nicotine pouches combined in 2019, Swedish Match was number one in both the Swedish and Norwegian markets, with 60 and 49 percent, respectively.

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Swedish Match expanded into the United States premium cigar business by purchasing General Cigar Company Inc from Edgar Cullman and El Credito Cigar Company from Ernesto Perez-Carrillo.

In 2022, Swedish Match's shares hit record high as Philip Morris International closed a $16 billion dollar deal with the company.