Levin, who usually wears golf shirts (although he doesn’t play) and dress sneakers, grew up a long way from where he is now-drinking a nice glass of white wine at a James Beard-award-winning restaurant in downtown Scottsdale, just a few minutes from his $4.5 million home. Republic’s chief revenue officer-the appropriately named Rebecca Roll-sums up why the rolling paper industry is such a good business: “We sell something people light on fire,” she says. Levin won’t discuss financials, but Forbes estimates that Republic generates $230 million in cash flow off an estimated $650 million in revenue-a 35% EBITDA margin. Global sales are estimated to be between $2 billion and $3 billion annually. Total sales across North America at the wholesale level is estimated to be about $550 million a year. and Canada, and Arizona-based HBI International, which produces rolling paper brand Raw, each have about one third market share as well. Kentucky-based Turning Point Brands, which licenses the right to sell Zig-Zag from Republic in the U.S. Republic controls about one third of the North American rolling paper market with E-Z Wider, OCB, JOB and Top. The world’s biggest specialty paper manufacturer, Schweitzer-Mauduit International in Saint-Girons, France, which is owned by publicly traded Alpharetta, Georgia-based Mativ, makes rolling papers for companies such as Raw and Vibes, and also produces cigarette paper for Altria, Philip Morris International, Imperial Brands Plc., Japan Tobacco Inc. ![]() One of the reasons the industry is hard to track is that most of the mills are privately held across many countries-from Papeteries du Leman, Levin’s mill in Publier, France, that feeds Republic’s booklet factory in Perpignan, to Miquel y Costas & Miquel in Barcelona, Glatz in Germany and Delfort in Austria. But the global rolling paper industry is opaque and hazy even the analysts who cover tobacco and cannabis companies don’t have a clear picture of its size and scope. Paper has long been a good business with high margins. “We’re the largest manufacturer of rolling papers in the world,” says Levin during a 100-degree day at his home in the Biltmore neighborhood of Phoenix, with his visibly nervous rescue poodle mix named Claude at his feet. *Your bank or credit card company may require security checks to validate your purchase.Paper Assets: An Adams Apple brochure from 1976 in which Levin promised “the most complete, uncomplicated catalog in the business.” Courtesy Adams Apple Your payments are made on the banks site itself, so your card information never comes through us giving you an added level of security. We use militarily standard 256 - bit Secure Socket Layer technology, as provided by Worldpay to make sure you are 100% secure when you make a payment. * All credit/debit card details and personal information are encrypted using a secure ordering system. * JoeBlogs Online does not share any information (personal or financial) with any third party. * JoeBlogs Online cannot be held responsible for any additional fees made by your bank/card issuer. In the instance that we cannot contact you, we will render the order cancelled and all payment refunded as per terms and conditions. Any pricing errors will result in you order being suspended until which time we can contact you via the methods provided. * All prices seen on the website are final. All details shown on your invoice are final and cannot be amended. ![]() * A copy of your Invoice will be placed on the outside of your parcel. All products are subject to availability and remain the property of JoeBlogs Online until paid for in full. * All orders must be paid for in full before any goods will be shipped. Western Union or similar, Cheques are also not accepted. This method will be an option at checkout and you will be provided all relevant information to complete your bank transfer. In most cases within the UK, transfers can take up to 3 days and up to 5 working days for transfers. You can send us your payment by Bank Transfer and we will ensure your goods are dispatched with minimal delay. All prices Include VAT and are in UK Sterling (GBP).Ĭredit/debit cards (Visa, Visa Debit, MasterCard & Maestro)Īll major Credit Card accepted, powered by Worldpay, one of the largest, most trusted payment processors in the world.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |