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Davidoff Buys Camacho
By Jesse | October 13, 2008 |
Excerpt from the Press Release (PDF File):
As of October 1st, 2008, Camacho Cigars, based in Danli, Honduras and Miami, Florida will become a proud member of the Oettinger Davidoff Group based in Basel, Switzerland. Camacho Cigars is a key player in the U.S.A., the world’s largest Premium Cigar market where around half of the world’s handmade cigars are sold.
The addition of Camacho Cigars to the Davidoff family expands the coverage of the Oettinger Davidoff Group from the Dominican Republic to Honduras and adds ten attractive brands to the Group’s portfolio along with its dynamic management and sales teams, presided by Christian Eiroa. This also gives Oettinger Davidoff access to one of the three largest tobacco growers in Honduras. The extensive Eiroa estates are located in the Jamastran Valley, Honduras and are especially known for their Authentic Corojo tobacco leaves.
All Camacho Employees are being kept on board, nice to hear considering what happens in most mergers. This gives Davidoff a bigger share of the United States market and maybe we’ll see more Camacho cigars in the European markets now.
While it caught me a bit by surprise I think the companies are actually a good fit as they each are stronger in different shares of the market. I’m going to speak with Dylan and see if I can get a few more details out of him.
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Topics: Cigar News |
