Categories
· Business (Tobacco)
non-USA, by Country
· France
Organizations
· Swm
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Jump to full article: AP, 2007-12-21
Intro: Schweitzer-Mauduit International Inc. which makes paper used to roll cigarettes, said Friday two of its affiliates will acquire the remaining minority stake of LTR Industries SA for 35 million euros ($50.3 million), giving the company's affiliates a 100 percent stake in the company.
LTR Industries SA is Schweitzer-Mauduit's reconstituted tobacco leaf business in France. The 28 percent interest Schweitzer-Mauduit affiliates are acquiring is now owned by a subsidiary of Spanish tobacco company Altadis SA.
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