Who Owns ZYN and Every Other Nicotine Pouch Brand? (2026 Map)
Roon Team

Who Owns ZYN and Every Other Nicotine Pouch Brand? (2026 Map)
Who owns ZYN? Philip Morris International, through Swedish Match. It acquired Swedish Match for roughly $16 billion in November 2022. But ZYN is only the largest brand in a category where four tobacco conglomerates, several tobacco-adjacent companies, and a growing list of independents compete for shelf space. The table below maps every major brand to its corporate parent, the deal that put it there, and the year.
Master Ownership Table: Every Nicotine Pouch Brand and Its Parent (2026)
| Brand | Parent Company | How They Got It | HQ / Manufacturing |
|---|---|---|---|
| ZYN, ZYN Ultra | Philip Morris International (via Swedish Match) | Acquired Swedish Match for ~$16B, closed Nov 2022 | Owensboro, KY; Aurora, CO |
| on!, on! PLUS | Altria Group (via Helix Innovations LLC) | 80% of Burger Söhne for | Richmond, VA |
| Velo, Velo Plus | British American Tobacco (via Reynolds American) | Acquired Dryft Sciences assets Nov 2020, rebranded to Velo | Winston-Salem, NC |
| Grizzly (nicotine pouches) | BAT / Reynolds American | In-house brand extension, launched Jun 2024 | Winston-Salem, NC |
| zone | Imperial Brands (via ITG Brands) | Acquired pouch range from TJP Labs for ~£65M initial, Jun 2023 | Manufactured by TJP Labs, Canada |
| Black Buffalo | Imperial Brands (via ITG Brands) | Acquired May 2026 for $150M + 3-year earnout | North Carolina |
| FRE | Turning Point Brands (via Nu-X Ventures) | Built in-house, launched 2019 | Louisville, KY |
| ALP | ALP Supply Co. (50/50 JV: Tucker Carlson Network + Turning Point Brands) | Joint venture formed Nov 2024 | Louisville, KY |
| Rogue | Rogue Holdings, LLC (privacy and opt-out run by Swisher International) | Not stated on roguenicotine.com | Jacksonville, FL |
| Lucy, Lucy Breakers | Lucy Goods Inc. (independent, YC-backed) | Founded 2016 | Los Angeles, CA |
| Sesh+ | Sesh Products (independent, VC-backed) | Founded 2020; $40M+ raised Sep 2025 | Austin, TX |
| Juice Head | Streamline Group (independent) | Built in-house | Huntington Beach, CA |
| CLEW | Nevcore Innovations Inc. (independent) | Built in-house; PMTA accepted Jun 2024 | US |
| Zar AirPouch | SS Road Investment HK Limited (trademark holder; structure undisclosed) | Independent | Undisclosed |
| White Fox | GN Tobacco Sweden AB | Built in-house | Enköping, Sweden |
| Loop | Another Snus Factory AB | Built in-house, launched 2019 | Sweden |
| Pablo, Killa | N.G.P. Tobacco ApS ("NGP Empire") | Built in-house | Denmark |
Camel Snus (Reynolds/BAT) and Copenhagen/Skoal pouches (Altria via U.S. Smokeless Tobacco Co.) are tobacco-containing snus products, not modern nicotine pouches, so they are excluded above despite belonging to the same corporate families. For how these brands rank overall or every brand's full specs compared, we keep separate guides.
Philip Morris International: ZYN and ZYN Ultra
Philip Morris International owns ZYN through its subsidiary Swedish Match North America LLC. PMI announced the deal in May 2022 and closed it in November 2022 for approximately $16 billion, making it the largest single transaction in the modern oral nicotine category.
ZYN is manufactured at two US facilities: a plant in Owensboro, Kentucky (opened 2019, later expanded) and a newer facility in Aurora, Colorado. ZYN Ultra, a newer line extension, falls under the same Swedish Match subsidiary.
ZYN holds a majority share of the US nicotine pouch market, and PMI's 2022 10-K framed the Swedish Match acquisition as its entry into US oral nicotine delivery.
Altria Group: on! and on! PLUS
Altria owns on! nicotine pouches through Helix Innovations LLC. The acquisition came in two stages: Altria paid $372 million for 80% of Burger Söhne (the Swiss parent) in August 2019, then acquired the remaining 20% by April 2021 for roughly $250 million more.
on! PLUS became the first product authorized under FDA's nicotine pouch pilot program and went nationwide in March 2026, a direct consequence of Altria's ability to fund the PMTA process at scale. For which of these brands are actually FDA-authorized, we maintain a running list.
British American Tobacco: Velo, Velo Plus, and Grizzly
BAT owns Velo through Reynolds American, its US subsidiary. BAT acquired Dryft Sciences' modern oral pouch assets on November 3, 2020, then rebranded the entire portfolio under the Velo name, expanding from 4 to 28 variants. Velo Plus, launched in 2025, uses synthetic nicotine.
Grizzly nicotine pouches are a separate Reynolds American product, an extension of the legacy Grizzly dip brand launched in June 2024 with no external acquisition involved. Both brands sit inside the same BAT corporate structure.
A common source of confusion: Dryft was originally developed by Kretek International in Moorpark, California. Once BAT bought the assets, Dryft ceased to exist. Rogue, a different brand entirely, is sometimes misattributed to Kretek or BAT. It belongs to neither.
Imperial Brands: zone and Black Buffalo
Imperial Brands owns zone nicotine pouches through ITG Brands, its US arm. Imperial acquired the pouch range from TJP Labs (Canada) in June 2023 for an initial £65 million plus a deferred sum tied to sales volumes. TJP Labs continues to manufacture zone under contract, while ITG Brands handles US marketing and distribution.
In May 2026, Imperial acquired Black Buffalo for $150 million plus a three-year performance-based earnout. Black Buffalo, founded by Mark Hanson and Jeffrey David, manufactures tobacco-free dip and nicotine pouches in North Carolina. Its own site still names Black Buffalo Inc. as the manufacturer and makes no mention of Imperial or ITG.
Mid-Size US Players: Turning Point Brands and Swisher
FRE is wholly owned by Turning Point Brands (NYSE: TPB) through its subsidiary Nu-X Ventures LLC. It launched in 2019 and is manufactured in Louisville, Kentucky.
ALP is a 50/50 joint venture between the Tucker Carlson Network and Turning Point Brands, formed in November 2024 under a new entity called ALP Supply Co. LLC. See how ALP compares to ZYN for a detailed breakdown.
Rogue is owned by Rogue Holdings, LLC. That is the only entity roguenicotine.com names, and the site routes its privacy policy and opt-out links to Swisher International, which is the sourced connection between the two. For the full Rogue ownership and manufacturing breakdown, we have dedicated pages.
Independents and Imports
Not every pouch brand traces back to a tobacco conglomerate.
Lucy Goods (Lucy, Lucy Breakers) is independent and Y Combinator-backed, founded in 2016 by David Renteln, John Coogan, and Samy Hamdouche.
Sesh Products (Sesh+) is independent, founded 2020 by CEO Max Cunningham in Austin, Texas. Sesh announced over $40 million in total funding in September 2025 (led by 8VC and Troy Link), with investors including Post Malone, Diplo, and Zach Bryan.
Juice Head belongs to Streamline Group, independent, Huntington Beach, CA. CLEW is Nevcore Innovations Inc., independent, PMTA accepted June 2024. Zar AirPouch carries a trademark held by SS Road Investment HK Limited; broader corporate structure is undisclosed.
From Europe: White Fox comes from GN Tobacco Sweden AB (Enköping, Sweden). Loop is Another Snus Factory AB (Sweden). Pablo and Killa belong to N.G.P. Tobacco ApS ("NGP Empire," Denmark), not to be confused with Imperial Brands' unrelated "NGP" (Next Generation Products) division.
Nicotine-Free and Caffeine Pouches: A Different Category
The pouch format has expanded beyond nicotine. These brands use the same sublingual delivery but contain caffeine, nootropics, or other functional ingredients. None are tobacco-owned.
Ultra (Ultra Pouches Inc.), founded by CEO Eric Drymer, New York. Closed an $11 million Series A in January 2026 led by Left Lane Capital, with investors including Harry's founders, Joe Burrow, and Lindsey Vonn. See our own review of Ultra.
Grinds Coffee Pouches, independent, founded by Matt Canepa and Pat Pezet (Shark Tank season 4, 2013, no deal). Wip, independent, founded by Richard Mumby (former Juul marketing executive), launched June 2025. Neutonic, London-based, co-founded 2023 by James Smith and Chris Williamson, pouches launched 2026. Mojo Energy Pouches operates under VOLT + CO per the brand's site; founders unverified.
Roon is made by Helios Intelligence, Inc., Brighton, Massachusetts. Zero nicotine; four-ingredient stack of caffeine, L-theanine, methylliberine (Dynamine), and theacrine (TeaCrine).
Ownership Timeline: 2019 to 2026
| Date | Event |
|---|---|
| 2019 | Turning Point Brands launches FRE via Nu-X Ventures |
| Aug 2019 | Altria acquires 80% of Burger Söhne (on!) for ~$372M |
| Nov 2020 | BAT acquires Dryft Sciences assets, rebrands to Velo |
| Apr 2021 | Altria completes 100% ownership of on! companies (~$250M for remaining 20%) |
| Nov 2022 | PMI closes $16B acquisition of Swedish Match (ZYN) |
| Jun 2023 | Imperial acquires TJP Labs pouch range (zone) for ~£65M initial |
| Jun 2024 | Grizzly nicotine pouches launched by Reynolds American (BAT) |
| Nov 2024 | ALP Supply Co. formed (Tucker Carlson Network + Turning Point Brands) |
| Jan 2026 | Ultra closes $11M Series A |
| Mar 2026 | on! PLUS goes nationwide, first FDA pouch pilot authorization |
| May 2026 | Imperial acquires Black Buffalo for $150M + earnout |
Why Ownership Matters to a Buyer
Three reasons this map is worth knowing.
Distribution reach. Big Tobacco brands (ZYN, on!, Velo) plug into existing tobacco distribution networks covering hundreds of thousands of convenience stores. Independent brands typically start direct-to-consumer.
Regulatory positioning. FDA's nicotine pouch pilot program requires deep pockets. Altria's on! PLUS was first through because Altria could fund the PMTA process at scale. Smaller brands face a longer, costlier path.
Pricing dynamics. Big Tobacco competes on distribution and shelf placement, not price. Independents and caffeine pouch makers compete harder on per-pouch cost and subscription models.
Conclusion
Four tobacco conglomerates control the most-sold brands: PMI (ZYN), Altria (on!), BAT (Velo, Grizzly), and Imperial (zone, Black Buffalo). Two tobacco-adjacent companies sit behind other brands: Turning Point Brands (FRE, ALP) and Swisher International (Rogue). The independent tier is growing but still represents a minority of US retail volume. And the nicotine-free pouch category shares the format but not the ingredient, the regulation, or the corporate parentage.
Frequently Asked Questions
Who owns ZYN?
Philip Morris International owns ZYN through Swedish Match North America LLC. PMI acquired Swedish Match in November 2022 for roughly $16 billion. Manufacturing is in Owensboro, KY and Aurora, CO.
Who makes on! nicotine pouches?
Altria Group makes on! through Helix Innovations LLC. Altria acquired the brand from Swiss company Burger Söhne in two stages: 80% for $372 million in 2019, then the remaining 20% by April 2021.
Is Velo owned by BAT?
Yes. British American Tobacco owns Velo through Reynolds American. BAT acquired Dryft Sciences' pouch assets in November 2020 and rebranded the portfolio under the Velo name.
Who owns Rogue nicotine pouches?
Rogue Holdings, LLC. That is the only owner named on roguenicotine.com, which routes its privacy policy to Swisher International. See who actually owns Rogue and the full Rogue ownership and manufacturing breakdown for more detail.
Which nicotine pouch brands are not owned by Big Tobacco?
Lucy, Sesh+, Juice Head, CLEW, and European imports (White Fox, Loop, Pablo/Killa) are independent of the four major tobacco companies. FRE and ALP are owned or co-owned by Turning Point Brands, tobacco-adjacent but not Big Four. Rogue involves Swisher International, also tobacco-adjacent.
Who makes Ultra pouches?
Ultra Pouches Inc., an independent company founded by CEO Eric Drymer, headquartered in New York. It raised $11 million in a Series A led by Left Lane Capital in January 2026. Ultra contains no nicotine and has no tobacco ownership.
Who makes Roon?
Helios Intelligence, Inc., an independent company in Brighton, Massachusetts. Roon contains zero nicotine. It is a caffeine and nootropic pouch with no tobacco industry ownership.
Not on This Map, and Not Trying to Be
You just scrolled through a category where four tobacco conglomerates control the majority of retail volume. That is the reality of who profits when you buy a pouch at a gas station.
Roon sits outside that map entirely. It is made by Helios Intelligence, Inc., an independent company with no Big Tobacco ownership, and it contains zero nicotine. The pouch format is the same. The contents are not: 80 mg caffeine, 60 mg L-theanine, 25 mg methylliberine (Dynamine), and 5 mg theacrine (TeaCrine), designed for a 6 to 8 hour felt window.
That duration comes from a specific mechanism. In a randomized, double-blind crossover PK study (n=12), co-administering methylliberine with caffeine cut caffeine's oral clearance from 41.9 to 17.1 L/hr and extended its half-life from 7.2 to 15 hours, with no increase in peak concentration. Important caveat: that study used 100 mg methylliberine and 150 mg caffeine, roughly 4x the methylliberine and 1.9x the caffeine in a Roon pouch. The direction of the effect is the same; the magnitude at Roon's doses has not been independently published. A longer half-life also means you should stop at least 8 hours before bed.
Roon is not a nicotine product and not a substitute for one. It starts from $9.16 per tin on a 12-tin subscription (as little as $0.61 per pouch), or $15.00 per tin for a one-time 4-tin order. If you want the pouch format without the nicotine, the tobacco parent company, or the regulatory ambiguity, that is specifically what it was built for.
Related from Roon
- https://www.takeroon.com/blog/fda-authorized-nicotine-pouches-list
- https://www.takeroon.com/blog/nicotine-pouch-brands-complete-guide
- https://www.takeroon.com/blog/best-nicotine-pouches-top-brands-ranked
- https://www.takeroon.com/blog/ultra-pouches-review
Written by Roon Team






