R.J. Reynolds Tobacco International to acquire Oy Rettig Ab tobacco subsidiary.HELSINKI Helsinki (hĕl`sĭngkē), Swed. Helsingfors, city (1998 pop. 546,317), capital of Finland, located in Southern Finland prov., S Finland, on the Gulf of Finland. , Finland--(BUSINESS WIRE)--Jan. 11, 1995--R.J. Reynolds Tobacco International Inc. has agreed to acquire from Oy Rettig Ab its tobacco subsidiary, Oy P.C p.c. (post cibum), n a Latin phrase meaning “after meals”; the abbreviation may be used in prescription writing. . Rettig Ab, the second largest tobacco manufacturer in Finland. Terms of the acquisition were not disclosed. Oy P.C. Rettig Ab has two tobacco-manufacturing units in Finland with a total of 300 employees. The P.C. Rettig operations in Turku, which date back to 1845, produce cigarettes, roll-your-own and pipe tobacco. The other P.C. Rettig facility, located in Pietarsaari, manufactures cigars. The Pietarssari factory was founded in 1762. P.C. Rettig produces leading American-blend cigarette brands in Finland, such as Colt COLT. An animal of the horse species, whether male or female, not more than four years old. Russ. & Ry. 416. and Downtown. P.C. Rettig is also the market leader in pipe tobacco, roll-your-own tobacco, and cigars -- manufacturing about 75% of the cigars sold in Finland. P.C. Rettig's market share in roll-your-own tobacco exceeds 75%. The acquisition culminates a long-standing partnership between Oy Rettig Ab and RJR RJR R.J. Reynolds RJR Thorny Skate (FAO fish species code) Tobacco International. P.C. Rettig has manufactured Camel cigarettes, one of RJR Tobacco International's global brands, through a licensing arrangement for 20 years. The acquisition provides RJR with well established local production in Finland, and gives the company an opportunity to invest in strengthening P.C. Rettig's local business as well as further developing export production. The Finnish cigarette market represents about 5 billion units annually. R.J. Reynolds Tobacco International Inc. is a subsidiary of RJR Nabisco RJR Nabisco, Inc., was an American conglomerate formed in 1985 by the merger of Nabisco Brands and R.J. Reynolds Tobacco Company. RJR Nabisco was purchased in 1988 by Kohlberg Kravis Roberts & Co. in the second largest leveraged buyout in history, adjusted for inflation. Inc., one of the largest consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and companies in the world, with 1993 sales in excess of $15 billion. CONTACT: R.J. Reynolds Tobacco International Inc., Winston-Salem
Janis L. Fulton, 910/741-6995 (office);
910/765-0763 (home)
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