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Stock impact report

Turning Point Brands Acquires Solace Technologies and Expands Nu-X Team

Turning Point Brands, Inc. (TPB) 
Last turning point brands, inc. earnings: 4/28 07:30 am Check Earnings Report
Company Research Source: Business Wire
Opens Nu-X Headquarters in Southern California LOUISVILLE, Ky.--(BUSINESS WIRE)--Turning Point Brands (NYSE:TPB), a Kentucky-based industry leading marketer of Other Tobacco Products (OTP) and adult consumer alternatives, announced today it will acquire the assets of Solace Technologies (“Solace”) for $15.25 million. Solace is an innovative product development company which established one of the top e-liquid brands in the vapor industry and has since grown into a leader in alternative products. The Solace assets and team will be combined with TPB’s Nu-X Ventures division, led by TPB veteran Graham Purdy. As part of the transaction, Nu-X Ventures will establish a headquarters in Southern California.“The original Solace Salts product brought highly innovative change to the nicotine delivery industry. When we first met the Solace team and saw the collection of new product offerings and technologies in the Solace pipeline, we immediately saw the perfect fit with our Nu-X team. This a Show less Read more
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