CI acquires Thompson for 62 million
"The corporate owner of Bethlehem’s Cigar International has acquired a Tampa, Fla., cigar company.
Scandinavian Tobacco Group said in a news release Wednesday that it has signed an agreement to acquire Thompson and Co. for $62 million. The deal is expected to close by the end of March.
Niels Frederiksen, CEO of Scandinavian Tobacco, which is headquartered in Denmark, said the acquisition strengthens Scandinavian Tobacco Group’s position in the online retail channel in the U.S."