Tag: Turning Point Brands

15
Sep

International Vapor Group acquired for combination of upfront cash, promissory note, stocks and earnout

It was announced on September 6, 2018 that the leading U.S. other tobacco products provider, Turning Point Brands, Inc. (NYSE:TPB), acquired 100% of Florida-based International Vapor Group, Inc. in a deal worth $29 million. Under the terms of the deal, Turning Point paid $15 million in cash upfront, $4 million in the form of an 18-month unsecured promissory note, 0.15

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