Subscribe & Follow

Advertise your job vacancies

Jobs

Customer Service (UK Company) Work from Home Work From Home
Finance Manager Cape Town
Assistant Store Manager Cape Town
Retail Store Manager Pretoria
Customer Service Team Manager - UK Market Work From Home
Marketing Coordinator Cape Town

More jobs Submit a job Open account

BAT to buy SA's biggest vaping company in a move to 'next-generation products'

By Dave Chambers

22 Dec 2017

Cigarette giant and rand-hedge British American Tobacco (BAT) SA is buying SA's biggest vaping company, Twisp.

BAT to buy SA's biggest vaping company in a move to 'next-generation products'

©Rommel Canlas via 123RF

Based in Cape Town, BAT SA said it wanted to expand its "next-generation products" business and offer consumers a choice of "compelling and innovative" alternatives to smoking.

CEO Soraya Benchikh said on Thursday: "We are extremely pleased that Twisp ... will be part of the BAT family. This acquisition will contribute towards BAT's growth and sustainability and will enhance our contribution to the country's current and future economic growth. We are committed to the growth of our next-generation products business and it was only natural that we extend our offering in SA with a range that is familiar to this market."

The acquisition, which is subject to approval by competition authorities, is expected to be complete by mid-2018.

Twisp, which started operating in 2008, markets several vaping devices and produces its range of flavours at a pharmaceutical laboratory in Cape Town. It has 66 shops nationwide.

Source: BDpro

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za