Swedish Match AB to Acquire Cigars International
Swedish Match AB will acquire Cigars International Inc., a direct marketer of cigars and related accessories.
Terms were not disclosed.
Cigars International will be operated as a separate business independent of Swedish Match AB’s existing U.S. operations: Swedish Match North America and General Cigar Holdings. Keith Meier, founder and chief executive officer and John De Marco, vice president and chief operating officer of Cigars International will both continue in their respective roles.
Headquartered in Bath, PA, Cigars International markets through catalogs and e-mail. It also provides fulfillment and wholesale distribution via its Web sites: cigarsinternational.com and cigarbid.com.
The transaction is expected to close within the next 30 days.
