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Article: American Brands sells off Dutch subsidiary. (American Brands Inc.'s Gallaher Ltd. subsidiary has sold Theodorus Niemeyer B.V. Group of Companies of Netherlands to the Rothman's Group)
- Article from:
- Fairfield County Business Journal
- Article date:
- July 23, 1990
CopyrightCOPYRIGHT 1990 Westfair Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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American Brands sells, off Dutch subsidiary
OLD GREENWICH -- American Brands Inc.'s Gallaher Ltd. subsidiary has sold the Theodorus Niemeyer B.V. Group of Companies, based in the Netherlands, to the Rothman's Group for approximately $130 million.
The transaction will result in a gain of approximately $53 million in operating income and $29 million in net income and will be recorded in the third quarter of 1990.
Niemeyer is a manufacturer and marketer of fine cut and pipe tobaccos, primarily in Holland and West Germany. Under ...