TPB
- Turning Point Brands, Inc.
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Overview
Company Summary
Turning Point Brands, Inc. is a diversified consumer goods company that operates in the tobacco, hemp, and adult consumer products industries. The company is headquartered in Louisville, Kentucky, and has a presence in various markets across the United States.
Turning Point Brands operates through three main segments: Smokeless Products, Smoking Products, and NewGen Products.
The Smokeless Products segment includes the company's flagship brand, Stoker's, which offers chewing tobacco and moist snuff products. These products cater to adult tobacco consumers who enjoy smokeless alternatives to traditional cigarettes. Other well-known brands in this segment include Beech-Nut and Trophy.
The Smoking Products segment primarily focuses on cigarette papers and cigars. The company offers a wide range of smoking accessories, including cigarette rolling papers, cigar wraps, and cigarillo products under popular brands such as Zig-Zag and Stoker's.
The NewGen Products segment is dedicated to the emerging market of alternative, non-combustible products. Turning Point Brands has entered the growing industry of hemp and cannabidiol (CBD) products, including edibles, topicals, and vapes. They market these products under brands like Wild Hemp Hempettes and Nu-X Ventures.
In addition to its product lines, Turning Point Brands also leverages its distribution capabilities through its subsidiary, Solaris. Solaris provides comprehensive logistics and distribution services to the tobacco industry.
Overall, Turning Point Brands embraces a diverse portfolio of tobacco, hemp, and adult consumer goods, continually striving to meet the changing preferences and demands of its customers in these industries.