BackSCANDINAVIAN TOBACCO GROUP ACQUIRES TWO CIGAR FACTORIES IN CENTRAL AMERICA
Scandinavian Tobacco Group A/S (previously Skandinavisk Tobakskompagni A/S) is continuing to expand its activities in the global cigar industry.
At the dawn of 2009 the corporation, which is a world leading cigar company, has acquired two cigar factories in respectively Danli in Honduras and Esteli in Nicaragua. The sellers are the families Olivas and Toraño.
The factories jointly employ around 950 people, and annually produce around 17 million hand-rolled, premium long filler cigars, which are sold under the CAO brand name (via Scandinavian Tobacco Group's American company CAO International), Carlos Toraño cigars and some other well known brand names.
Daily management of the factories will continue to be handled by the members of the two families, who founded and have now sold the companies, namely Charlie Toraño, Fidel, José and Aldrin Olivas. The continuity and high quality for which the companies and their staff are renowned will thus be ensured.
Scandinavian Tobacco Group is a global company headquartered in Denmark and employing more than 10,000 people. Scandinavian Tobacco Group A/S is the parent company of a number of Danish and foreign subsidiaries engaged in the production and sales of tobacco products as well as the wholesale and retail sales of convenience goods. Scandinavian Tobacco Group is a world leading player in cigars and pipe tobacco.
Today, Scandinavian Tobacco Group has production companies in Denmark, Belgium, the Netherlands, The Dominican Republic, Indonesia, Honduras and Nicaragua. The Group also has sales companies in a large number of countries.
ABOUT SCANDINAVIAN TOBACCO GROUP
- a world leading manufacturer of cigars and traditional pipe tobacco
- approx. 8,200 employees in the Dominican Republic, Honduras, Nicaragua, Indonesia, Europe, New Zealand, Australia, Canada and the US
The Group’s brand portfolio contains more than 200 international, regional and local tobacco brands, including the cigar brands Café Crème, La Paz, Henri Wintermans, Macanudo, CAO, Partagas (US) and Cohiba (US). Pipe tobacco brands include Captain Black, Erinmore, Borkum Riff and W.Ø. Larsen, while leading fine-cut tobacco brands include Bugler, Break, Escort, Bali Shag and Tiedemanns.
The Group is ultimately owned by two Danish foundations (51%) – the Augustinus Foundation and Det Obelske Familiefond – and by Swedish Match (49%). Both Danish foundations have been active in the tobacco industry for more than 250 years. Swedish Match is a publicly owned company listed on the Stockholm Stock Exchange.
Read more: www.st-group.com.
Scandinavian Tobacco Group A/S
Sydmarken 42
DK-2860 Søborg
Denmark
CVR 31 08 01 85
