Scandinavian Tobacco Group

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Scandinavian Tobacco Group A/S
Publicly traded
Traded asCopenhagen Stock Exchange
ISINDK0060696300 Edit this on Wikidata
IndustryTobacco
Founded1961 (As Skandinavisk Tobakskompagni A/S)
HeadquartersCopenhagen, Denmark
Key people
Niels Frederiksen (CEO)
ProductsCigars, pipe tobacco
Number of employees
approx. 8,100
Websitewww.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[edit]

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[edit]

Scandinavian Tobacco Group's primary business is production and sales of cigars, pipe tobacco and rolling tobacco.

The group has more than 200 brands. Its cigar brands include Café Crème, La Paz, Henri Wintermans, Colts, Mercator, Macanudo, CAO, Punch (US), Partagas (US) and Cohiba (US). The pipe tobacco brands include Borkum Riff and Captain Black, while roll-your-own brands in the group's portfolio include Colts, Salsa, Bugler, Tiedemanns and Escort.

Business[edit]

The group employs approximately 8,100 people worldwide[10] with sales companies in the US, Canada, Australia and most European countries. The group also has production facilities in Denmark, The Netherlands, Belgium, the United States, the Dominican Republic, Nicaragua, Honduras and Indonesia. [11]

References[edit]

  1. ^ http://www.st-group.com/en/about
  2. ^ https://www.ft.com/content/59985aae-42a4-3217-99cc-e82206224118
  3. ^ Sibun, Jonathan (29 February 2008). "BAT agrees £2bn deal to buy Scandinavian cigarette group". The Daily Telegraph. Retrieved 2 February 2017.
  4. ^ Laurent, Lionel (28 February 2008). "British American Tobacco Goes Scandanavian [sic]". Forbes. Retrieved 2 February 2017.
  5. ^ https://www.ft.com/content/59985aae-42a4-3217-99cc-e82206224118
  6. ^ "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.
  7. ^ http://www.gva.be/cnt/dmf20140814_01217289/sigarenfabriek-verellen-komt-in-handen-van-deense-stg-groep
  8. ^ Carollo, Malena (1 February 2018). "Danish company buys Tampa's Thompson Cigar for $62 million". Tampa Bay Times. Retrieved 26 March 2019.
  9. ^ 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.
  10. ^ https://www.nytimes.com/2016/02/11/business/dealbook/scandinavian-tobacco-group-valued-at-1-5-billion-in-ipo.html?_r=0
  11. ^ http://www.st-group.com/en/about/our-companies#start

External links[edit]