Scandinavian Tobacco Group Completes The Acquisition Of Thompson And Co. Of Tampa, A Leading US Online Cigar Retailer

Source from:  Nasdaq 04/04/2018

Scandinavian Tobacco Group Completes the Acquisition of Thompson and Co. of Tampa, a Leading US Online Cigar Retailer

On 31 January 2018Scandinavian Tobacco Group ("STG") announced the acquisition of a leading US online cigar retailer, Thompson and Co. of Tampa, Inc. Reference is made to company announcement No. 1/2018.

The acquisition has now been completed.

The acquired business is a leading online retailer of cigars in the US having net sales of c. USD 100 million, a significant customer base related to its websites as well as a retail store, warehouses and a call centre facility in Tampa, Florida. The business engages approx. 185 employees. The acquisition strengthens the range of premium cigars offered by STG to US consumers and brings opportunities for scale benefits in combination with STG's existing online cigar business in Cigars International. 

As previously announced the purchase price amounted to USD 62 million.

The acquisition will not impact STG's previously communicated guidance for 2018.  Enditem