Pyxus International, Inc. Announces Next Steps in Transformation Journey
PYXUS INTL INC (PYX)
Company Research
Source: PR Newswire
Implementation of New Operating Model for Pyxus' Consumer Branded Businesses to Accelerate Growth and Operational Efficiencies MORRISVILLE, N.C., Feb. 24, 2020 /PRNewswire/ -- Pyxus International, Inc. (NYSE: PYX), a global value-added agricultural company announced today the next step in its transformation journey, which includes the consolidation of its emerging market branded businesses under a new operating model, the implementation of a Global Operations Efficiency Program, and a streamlined senior management reporting structure geared toward driving growth.New Consumer Brands Businesses Operating ModelTransformation is at the core of Pyxus' strategic plan to drive value creation. Pursuant to this strategy, the Company is announcing an operating model that aligns its B2C and B2B e-liquid, legal cannabis, industrial hemp, and CBD businesses and brands under FIGR Brands, Inc., a wholly-owned Canadian subsidiary of Pyxus. The combination of the Company's investments in Purilum, H
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