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Imperial to buy Dragonite’s e-cigarette business

| September 5, 2013

Imperial Tobacco Group (ITG) will buy Dragonite International’s e-cigarette business for $75 million, reports Bloomberg Businessweek. The acquisition depends on the approval of Dragonite shareholders.

Simon Evans, spokesman for Imperial, said the acquisition is not related to ITG’s August announcement that it was on track to introduce its own alternative nicotine products in 2014 through its Fontem Ventures subsidiary.

Dragonite founder and Executive Director Hon Lik is credited with inventing the technology behind the e-cigarette. Dragonite says it owns an “extensive portfolio” of global patents and pending patents on e-cigarette technologies.

 

Video interview: Imperial Tobacco’s half-year 2013 results.

| April 30, 2013

CEO Alison Cooper and Financial Director Bob Dyrbus comment on Imperial Tobacco Group’s half-year 2013 results. The video was created by Merchantcantos, a provider of financial news about FTSE100 and FTSE250 companies.

Housing project is growing initiative

| April 10, 2013

Tobacco growers and their families in Vietnam have moved into new homes built for them under an Imperial Tobacco responsibility initiative.

Project Symphony is the result of a collaboration between Imperial Tobacco Vietnam, its local partner DOFICO and the Altadis Foundation.

The homes, constructed from brick and steel, have been built in the provinces of Dong Nai and Tay Ninh, where DOFICO is based.

“Project Symphony has been a tremendous example of partners working together to the benefit of those in the rural environment,” said Alistair Hepburn, general manager Indochina.

“DOFICO and Imperial, together with the local community, identified the most needy families and constructed 10 new houses, directly supporting communities within our tobacco growing areas.

“The project has been acclaimed by local authorities and plans are in place to invest further in 2013.”

Video interview: Imperial CEO on full-year results

| November 2, 2012

Imperial Tobacco Chief Executive Alison Cooper discusses the company’s full-year results in an interview with financial broadcaster Cantos.

Protected: Booster shot

| September 1, 2012

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