Japan Tobacco (JT) will acquire US e-cigarette manufacturer Logic Technology as part of a strategy to become a leader in alternative tobacco products, the company said.
“Logic’s well established presence in the US, in addition to our acquisition of E-
Lites in the UK, further underpins our global ambitions to become the leader in emerging products,” said Masamichi Terabatake, deputy chief executive of Japan Tobacco International. The deal is expected to close in the third quarter of this year, JT said.
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