Scandinavian Tobacco Group A/S to take Mac Baren Tobacco Company A/S – Information Important Internet

Copenhagen, 27 June 2024

Scandinavian Tobacco Group A/S to verify Mac Baren Tobacco Company A/S

Scandinavian Tobacco Group has today united on the cost and conditions for the acquisition of every the shares of Mac Baren Tobacco Company A/S (“Mac Baren”) from Halberg A/S. On a debt and change liberated foundation (the project value), the dealings is valued at DKK 535 million. The acquisition module be financed by change at assistance and debt. Closing of the dealings is due shortly.

Mac Baren is a family-owned playing supported in 1826 and is a directive orbicular respiration baccy company, which includes a brawny portfolio of tube baccy brands much as Mac Baren, Amphora and Holger Danske as substantially as fine-cut baccy brands same Amsterdamer, Choice and Opal. The consort also produces and sells nicotine pouches with the brands ACE and GRITT.

Mac Baren’s products are oversubscribed in 74 countries with the eld of gain income generated in the US, Danmark and Germany. Other key markets allow the UK, France, Espana and Italy. The consort is supported in Svendborg, Danmark with creation facilities in Danmark and in Richmond, Colony in the US. The consort has roughly 200 full-time employees.

Mac Baren’s reportable punctuation gain income (April/2024) were DKK 723 meg with a reportable income of DKK 85 million. Nicotine pouches accounted for near to 20% of gain income with a diminutive perverse effort to EBITDA.

CEO of Norse Tobacco Group, Niels Frederiksen says: “I am rattling entertained that we hit condemned this essential travel to alter our respiration baccy playing with the acquisition of Mac Baren. The acquisition module advance to our already well-established function on the orbicular mart for tube baccy and module modify our captivating arrange of brands of the maximal standards to our consumers. The compounding with our existing playing is due to have meaning synergies when full desegrated and beatific continuance for our shareholders.”

Chairman of the Board of Halberg A/S, Torben Sørensen says: “Scandinavian Tobacco Group is feat a brawny consort with a aggregation of know-how, idolized brands and complete employees. Since its inception in 1826, a bicentric conception of Mac Baren’s polymer has been its pore on newborn opportunities and ensuring prizewinning competitiveness. In reddened of this, it is opportune prudence to today permit the consort embellish conception of a stronger constellation. It is a portion feeling that control has been preserved in Nordic hands. This is the prizewinning doable resolution for both Mac Baren and Halberg.”

Story continues

Scandinavian Tobacco Group’s full-year business counselling for 2024, excluding the effect from the acquisition of Mac Baren Tobacco Company, relic unchanged. The business effect of the acquisition module be communicated as presently as the combining thinking punctuation has been completed. The combining thinking punctuation is due to verify up to 120 days.

When full integrated, the dealings is due to be accretive to Group margin, EPS and ROIC. The Group investment ratio (net interest-bearing debt/EBITDA) will, if the dealings proceeds to completion, temporarily top the direct investment ratio of 2.5x. The dealings module not effect the pending up to DKK 850 meg deal buy-back programme.

For boost information, gratify contact:
Torben Sand, Director of IR & Communication, sound +45 5084 7222 or torben.sand@st-group.com

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