CAO Purchases Farms
This story was released by Reuters. The text in the red writing is additional information embedded by PuffingCigars.com.
COPENHAGEN (Reuters) – Europe’s largest cigar manufacturer, Scandinavian Tobacco Group, said on Thursday it had bought two family-owned cigar factories in Central America for an undisclosed sum to expand its global footprint.
From the Scandinavian Tobacco Group website: STCG cigars are sold throughout the world, the most important brands being Café Crème, Nobel Petit, CAO, Henri Wintermans, Mercator and Colts. STCG, which is also known as Henri Wintermans Cigars, is the world’s largest cigar exporter and has sales companies in France, Belgium, UK and Canada.
The factories are in Danli, in Honduras, and Esteli, in Nicaragua, and jointly employ around 950 people producing about 17 million hand-rolled, premium cigars a year, Denmark-based Scandinavian Tobacco said in a statement.
The sellers are the Olivas and Torano families. No financial details were provided.
Scandinavian Tobacco Group is the world’s largest pipe tobacco maker and the world’s third-largest cigar producer.
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