Worlds leading cigar and pipe tobacco manufacturer Scandinavian Tobacco Group to acquire Agio Beheer B.V. from Royal Agio Cigars for $233 million.
Details are provided below:
- Royal Agio is a leading European cigar company with key brands such as Mehari´s, Panter and Balmoral
- Royal Agio will strengthen Scandinavian Tobacco Group product portfolio and important market positions in key European machine-made cigar markets
- CEO of Scandinavian Tobacco Group, Niels Frederiksen says: I am very pleased and proud that we have taken this important step towards an acquisition of Royal Agio. If completed, the acquisition will be an important step in our ambition of becoming the global leader in cigars, as it significantly strengthens our position in several key machine-made cigar markets in Europe and enables us to deliver an attractive range of cigars of the highest standards to our consumers.