08 January 2009
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 among the world's three largest cigar companies, 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 handrolled, 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 the world's largest player in pipe tobacco as well as Europe's largest – and the world's third largest – in cigars.
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.
Scandinavian Tobacco Group acquires two cigar factories in Central America
At the dawn of 2009 the corporation, which is among the world's three largest cigar companies, 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 handrolled, 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 the world's largest player in pipe tobacco as well as Europe's largest – and the world's third largest – in cigars.
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.