Scandinavian Tobacco Group is a manufacturer of

cigar A cigar is a rolled bundle of dried and fermented tobacco leaves made to be smoked. Cigars are produced in a variety of sizes and shapes. Since the 20th century, almost all cigars are made of three distinct components: the filler, the binder l ...

s and traditional

pipe tobacco A tobacco pipe, often called simply a pipe, is a device specifically made to smoke tobacco. It comprises a chamber (the bowl) for the tobacco from which a thin hollow stem (shank) emerges, ending in a mouthpiece. Pipes can range from very simp ...

. The city company is headquartered in

Copenhagen Copenhagen ( or .; da, København ) is the capital and most populous city of Denmark, with a proper population of around 815.000 in the last quarter of 2022; and some 1.370,000 in the urban area; and the wider Copenhagen metropolitan a ...

Denmark ) , song = ( en, "King Christian stood by the lofty mast") , song_type = National and royal anthem , image_map = EU-Denmark.svg , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of Denmark , establish ...

, and is a publicly listed Company on NASDAQ Copenhagen.

History

The company can trace its origin back a couple of hundred years while the basis for the modern company dates back was founded in 1961 as Skandinavisk Tobakskompagni A/S by a merger of the tobacco activities of the Danish companies Chr. Augustine Fabrikker, C.W. Obel and R. Færch's Factories. A reconstruction of the company in 1990 put all cigarette manufacturing in the subsidiary company House of Prince A/S and all cigar manufacturing in Nobel Cigars A/S. In February 2008, the cigarette and

snus Snus ( , ) is a tobacco product, originating from a variant of dry snuff in early 18th-century Sweden. It is placed between the upper lip and gum for extended periods, as a form of sublabial administration. Snus is not fermented. Although use ...

operations of the company were acquired by

British American Tobacco British American Tobacco plc (BAT) is a British multinational company that manufactures and sells cigarettes, tobacco and other nicotine products. The company, established in 1902, is headquartered in London, England. As of 2019, it is the lar ...

. The company retained its cigar, pipe tobacco, fine-cut tobacco businesses. In December 2008, the company's name changed to Scandinavian Tobacco Group AB. On 26 April 2010, an agreement was signed to form a new company (Scandinavian Tobacco Group A/S) by combining all the tobacco business of Scandinavian Tobacco Group AB with the cigars and pipe tobacco business of Swedish Match AB, including the US-based subsidiaries

General Cigar General Cigar Company is the largest manufacturer of premium cigars in the world. It is a subsidiary of Scandinavian Tobacco Group with North American headquarters located in Richmond, Virginia. Company history In 1961 General Cigar, which was ...

and

Cigars International A cigar is a rolled bundle of dried and fermented tobacco leaves made to be Tobacco smoking, smoked. Cigars are produced in a variety of sizes and shapes. Since the 20th century, almost all cigars are made of three distinct components: the fill ...

Mergers and acquisitions

In 2011, Scandinavian Tobacco Group acquired Lane Limited, a US-based manufacturer and brand owner of pipe-tobacco, fine-cut tobacco and machine-made cigars, from Reynolds American Inc. Through the acquisition of Lane, the company gained ownership of Captain Black (pipe tobacco and cigar), Bugler (fine-cut tobacco), Winchester (cigars) and other smaller brands. In 2013, the company acquired the catalog and online retail business PipesandCigars.com. In 2014, followed the acquisition of Verellen, a Belgian brand owner and manufacturer of machine-made cigars and Torano, a handmade cigar brand. In 2018, Scandinavian Tobacco Group acquired Thompson Cigar, a leading US online cigar retailer. In 2019, the company acquired Peterson Pipe Tobacco, the pipe tobacco business of Kapp and Peterson Limited an Irish pipe and pipe tobacco manufacturer. The same year, the company announced the acquisition of Royal Agio Cigars, a leading European producer of cigars and cigarillos. The acquisition was finalised in January 2020. Agio acquisition On 2 January, Scandinavian Tobacco Group completed the acquisition of Agio Cigars – a leading European cigar company situated in the Netherlands. Through the acquisition, the company gained access to a strong brand portfolio of machine-made cigars including the key brands Mehari's, Panter and Balmoral. Public listing On 10 February 2016, Scandinavian Tobacco Group became a public listed company on the NASDAQ Copenhagen Stock Exchange. 40% of the share capital was sold to new shareholders, while Skandinavisk Holding II A/S and Swedish Match Cigars Holding AB continued as major shareholders of Scandinavian Tobacco Group.

References

External links

Official website
{{Authority control Tobacco companies of Denmark Manufacturing companies based in Copenhagen Companies based in Gladsaxe Municipality Danish companies established in 1961 Multinational companies headquartered in Denmark