JT completes acquisition of Natural American Spirit Business outside the United States

img-logoJapan Tobacco’s JT Group announced that it has completed the acquisition of the Natural American Spirit business outside the United States, which was originally announced in September 2015.

Due to a strong international presence in the premium priced category, Natural American Spirit –with its unique brand equity — will allow the JT Group to further extend its brand portfolio outside the United States and further strengthen the Group’s business foundation, says the company.

The JT Group’s consolidated forecast for the FY2016 will incorporate the effects of this acquisition based on certain premises. The impact of the acquisition on the consolidated financial results for FY2016 will be examined during the course of the formulation of the business plan regarding the acquired business, says JTI.

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