Scandinavian Tobacco Group is a manufacturer of

cigar A cigar is a rolled bundle of dried and Fermentation, 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 comp ...

s and traditional pipe tobacco. The city company is headquartered in

Copenhagen Copenhagen ( ) is the capital and most populous city of Denmark, with a population of 1.4 million in the Urban area of Copenhagen, urban area. The city is situated on the islands of Zealand and Amager, separated from Malmö, Sweden, by the ...

Denmark Denmark is a Nordic countries, Nordic country in Northern Europe. It is the metropole and most populous constituent of the Kingdom of Denmark,, . also known as the Danish Realm, a constitutionally unitary state that includes the Autonomous a ...

, and is a publicly listed company on

Nasdaq Copenhagen The Nasdaq Copenhagen, formerly known as the Copenhagen Stock Exchange (), is an international marketplace for Denmark, Danish securities, including shares, Bond (finance), bonds, treasury bills and notes, and financial Futures contract, future ...

History

The company can trace its origin back a couple of hundred years while the modern company 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 Swedish smokeless tobacco, tobacco product. It is consumed by placing a pouch of powdered tobacco leaves under the lip for nicotine to be absorbed through the Mucous membrane, oral mucosa. Snus, not to be confused with Nicoti ...

operations of the company were acquired by

British American Tobacco British American Tobacco p.l.c. (BAT) is a British multinational company that manufactures and sells cigarettes, tobacco and other nicotine products including electronic cigarettes. The company, established in 1902, is headquartered in London, E ...

. 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 and Cigars International.

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 cigar company based in the Netherlands. 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 Companies listed on Nasdaq Copenhagen Cigar manufacturing companies