Scandinavian Tobacco Group
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| Company type | Publicly traded |
|---|---|
| Copenhagen Stock Exchange | |
| ISIN | DK0060696300  |
| Industry | Tobacco |
| Founded | 1961 (As Skandinavisk Tobakskompagni A/S) |
| Headquarters | Copenhagen, Denmark |
Key people | Niels Frederiksen (CEO) |
| Products | Cigars, pipe tobacco |
Number of employees | approx. 8,100 |
| Website | www.st-group.com |
Scandinavian Tobacco Group is a manufacturer of cigars and traditional pipe tobacco.[1] The company is headquartered in Copenhagen, Denmark, and is a publicly listed Company on NASDAQ Copenhagen.[2]
History
The company was founded as the Scandinavian Tobacco Company in 1961.
During the reconstruction of 1990, all cigarettes manufacturing was gathered together in the new independent subsidiary company of House of Prince A/S and all cigars manufacturing was gathered together in Nobel Cigars A/S – now ST Cigar Group Holding B. V.
In February 2008, the cigarette and snus operations of the company were acquired by British American Tobacco.[3][4] The company retained its cigar, pipe tobacco, rolling tobacco, and tobacco bits businesses.
In December 2008, the decision was made to change the company's name to Scandinavian Tobacco Group.
On 26 April 2010, an agreement was signed to form a new company by combining all the tobacco business of Scandinavian Tobacco Group AB with the cigars and pipe tobacco business of Swedish Match AB (SM) (with the exception of its US mass market cigars).[5]
Following its establishment in 2010, the group acquired Lane Limited, a producer and brand owner of pipe tobacco, fine-cut tobacco and machine-made cigars in the United States, from Reynolds American Inc. in 2011.[6] Through the acquisition of Lane, STG acquired Captain Black (pipe tobacco and cigars), Bugler (fine-cut tobacco), Winchester (cigars) and other smaller brands. In 2013, STG acquired the Pipes and Cigars online retail business in the United States, followed by the acquisitions of Verellen,[7] a Belgian brand owner and producer of machine-made cigars, and the Torano handmade cigar brand, both in 2014.
In 2018, the group acquired Tampa, Florida-based Thompson Cigar for $62 Million (USD).[8]
In March 2019, the group announced it was laying off 112 employees and closing its Thompson Factory Outlet in Tampa, Florida.[9]
Products
Scandinavian Tobacco Group's primary business is production and sales of handmade cigars, machine-made cigars, pipe tobacco and fine-cut tobacco. In total, the company owns more than 200 brands across the different categories.
Handmade cigars
Scandinavian is the leading manufacturer of handmade cigars in the US. Key brands include:
- CAO
- Cohiba (non-Cuban production in competition with the Cuban brand)
- Diesel
- La Gloria Cubana (non-Cuban production in competition with the Cuban brand)
- Hoyo de Monterrey (non-Cuban production in competition with the Cuban brand)
- Macanudo
- Partagas (non-Cuban production in competition with the Cuban brand)
- Punch (non-Cuban production in competition with the Cuban brand)
Machine-made cigars
The company is number one manufacturer of machine-made cigars in Europe and the US. Key brands include:
- Break
- Colts
- Hajenius
- Henri Wintermans
- La Paz
- Mercator
- Signature
Pipe Tobacco
The company is number one manufacturer of pipe tobacco in Europe. Key brands include:
- Clan
- Colts
- Erinmore
- Peterson
Fine-Cut Tobacco
The company is number one manufacturer of fine-cut tobacco in the US and Denmark. Key brands include:
- Break
- Bugler
- Colts
Operations
Scandinavian Tobacco Group A/S has several sales offices in different countries worldwide and production sites in Denmark, Belgium, Honduras, the Dominican Republic, Indonesia and Nicaragua. The company divides its commercial operation into three regional divisions. Division Europe Branded includes primarily sales of the company’s machine-made cigars, pipe tobacco and fine-cut to Germany, Denmark, Sweden, France, Italy, Belgium, the Netherlands, Luxembourg, Spain, Portugal & Canary islands and the UK & Ireland. The division in is run from the company headquarter in Copenhagen, Denmark. Division North America Branded and RoW (Rest of the World) includes primarily sales of the company’s handmade cigars and pipe tobacco to the US, Canada, Australia, New Zealand, and Asian markets. The division is run at the company subsidiary General Cigar Company in Richmon, Virginia US Division North America Online & Retail includes direct to consumer sales of primarily handmade-cigars and pipe tobacco sold via the online, catalogue and retail channel in the US. The division is run at the company subsidiary Cigars International in Pennsylvania, US and is the leading online and catalogue distributor of cigars in the country.
References
- ^ http://www.st-group.com/en/about
- ^ https://www.ft.com/content/59985aae-42a4-3217-99cc-e82206224118
- ^ Sibun, Jonathan (29 February 2008). "BAT agrees £2bn deal to buy Scandinavian cigarette group". The Daily Telegraph. Retrieved 2 February 2017.
- ^ Laurent, Lionel (28 February 2008). "British American Tobacco Goes Scandanavian [sic]". Forbes. Retrieved 2 February 2017.
- ^ https://www.ft.com/content/59985aae-42a4-3217-99cc-e82206224118
- ^ "Scandinavian Tobacco Group to buy US Lane for USD 250m". ADP News Nordic. 17 January 2011. Archived from the original on 3 February 2017. Retrieved 2 February 2017 – via HighBeam Research.
- ^ http://www.gva.be/cnt/dmf20140814_01217289/sigarenfabriek-verellen-komt-in-handen-van-deense-stg-groep
- ^ Carollo, Malena (1 February 2018). "Danish company buys Tampa's Thompson Cigar for $62 million". Tampa Bay Times. Retrieved 26 March 2019.
- ^ Danielson, Richard (26 March 2019). "New owner to lay off 112 and close Tampa's Thompson Cigar outlet store and distribution center". Tampa Bay Times. Retrieved 26 March 2019.
External links
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