- CEO
- Graham A. Purdy
- Full Time Employees
- 310
- Sector
- Consumer Defensive
- Industry
- Tobacco
- Address
- 5201 Interchange Way Louisville KY United States of America 40229
- IPO Date
- May 11, 2016
- Business
- Turning Point Brands, Inc. is a manufacturer, marketer, and distributor of branded consumer products primarily in the United States and Canada, with a focus on alternative smoking accessories and consumables featuring active ingredients. The company operates through two main segments: Zig-Zag Products and Stoker’s Products. The Zig-Zag segment includes rolling papers, tubes, finished cigars, make-your-own cigar wraps, lighters, and related accessories under the Zig-Zag brand. The Stoker’s Products segment manufactures and markets moist snuff tobacco, loose-leaf chewing tobacco, and dry snuff products under brands such as Stoker’s, FRE, Beech-Nut, Durango, Trophy, and Wind River, and also distributes cannabis accessories and tobacco products. Turning Point Brands targets adult consumers via wholesale distributors and retail merchants across independent and chain convenience stores, tobacco outlets, food stores, mass merchandisers, drug stores, and non-traditional retail channels. Founded in 1988, the company is headquartered in Louisville, Kentucky.
In the last 1-2 years, Turning Point Brands has executed significant strategic initiatives, including completing a transaction in January 2025 to acquire a 49% stake in GWO, with an option to acquire the remaining 51%, enhancing its portfolio and operational reach. The company launched new product offerings in the Modern Oral category, including the ALP nicotine pouch, contributing to a dramatic 6276% year-over-year sales increase in this segment, which now accounts for over 30% of total net sales. It continues to expand its Modern Oral business while maintaining growth in traditional segments like Zig-Zag and Stoker’s, despite an 11% revenue decline in the Zig-Zag segment as focus shifts toward high-growth areas. Turning Point Brands also announced a $100 million share repurchase program in 2025 and increased its sales force, aiming to double its size by the end of 2026 to support expansion and merchandising capabilities. The company switched auditors to KPMG in early 2025 and set adjusted EBITDA guidance between $108 million and $113 million, indicating confidence in its profitable growth trajectory.
Turning Point Brands has evolved its portfolio from traditional tobacco and vapor products into the emerging nicotine pouch and alternative smoking categories, maintaining a strong presence in rolling papers, smokeless tobacco, and cannabis accessories while prioritizing innovation, quality, and consumer choice. The company leverages a comprehensive distribution network in North America and fosters strategic partnerships to enhance market penetration and product assortment. It was formerly known as North Atlantic Holding Company, Inc. until changing its name to Turning Point Brands in 2015. The company holds its business segments under subsidiaries and continues to drive its strategy through acquisitions, new product development, and geographic market focus predominantly in the United States and Canada.