Huge merger in sight

A few days ago, Cigar Aficionado published an article about an upcoming merger.

Scandinavian Tobacco (Denmark) and Swedish Match (Sweden) decide to merge their cigar and tobacco operations. The new empire, controlled by Scandinavian Tobacco, will become one of the world’s biggest cigar companies (with a production of more than 2.5 billion cigars and approximately $1 billion of sales).

Scandinavian Tobacco owns CAO cigars, whereas Swedish Match controls General Cigar Co. (Macanudo, Don Tomas, non-Cuban Punch and Partagas…) and Cigars International, a distribution giant.

The deal should be finalized by June.