Turning Point Brands Inc. is a U.S.-based company that specializes in providing tobacco and related products to adult consumers. The company was founded in 2004 and is headquartered in Louisville, Kentucky. Turning Point Brands operates as a holding company with a portfolio of subsidiaries engaged in various aspects of the tobacco industry.
The company's business model is centered around acquiring and developing diverse brands within the tobacco industry. Turning Point Brands focuses on offering a wide range of products, including smokeless tobacco, smoking tobacco, and smoking accessories. Some of their well-known brands include Stoker's, Zig-Zag, and Beech-Nut.
Turning Point Brands caters to a diverse customer base, including both traditional tobacco consumers and those interested in alternative nicotine products. They aim to meet the preferences of adult tobacco consumers with a variety of products and flavors.
In addition to its core tobacco business, Turning Point Brands has also ventured into the growing market of e-cigarettes and vaping products. This move reflects the company's strategy to adapt to changing consumer preferences and capitalize on emerging trends in the tobacco industry.
Over the years, Turning Point Brands has grown through a combination of strategic acquisitions and organic expansion. Their approach to building a diverse portfolio of brands has allowed them to establish a strong presence in the tobacco market and position themselves for continued growth and success.