Black Buffalo to Be Acquired by ITG Brands

Paul, Weiss is advising Black Buffalo, a leading producer of smokeless tobacco alternative products, in its acquisition by Imperial Brands plc, the parent company of ITG Brands. Under the terms of the deal, Black Buffalo will be purchased for an initial consideration of $150 million with an additional deferred sum based on performance over three years and other criteria. The combination will enable greater choice for adult consumers seeking alternative non-combustible oral products while supporting accelerated revenue growth.

The Paul, Weiss team is led by corporate partners Nickolas Bogdanovich and James Langston, and includes executive compensation partner Matthew Friestedt and counsel Annie Anderson; intellectual property partner Jonathan Ashtor; and tax partner Brian Krause.