Fwd: Mac Baren Tobacco Company acquires Pipe Tobacco Division of Altadis USA
Mac Baren Tobacco Company acquires Pipe Tobacco Division of Altadis USA
The 125 year old Mac Baren Tobacco Company of Denmark has announced the conclusion of its agreement to acquire the Pipe Tobacco Division of Altadis USA located in Richmond Virginia. The completion of the purchase will be finalized within the next several months. The “new” entity being acquired will operate under its original corporate name of Sutliff Tobacco Company, which prior to being owned by Altadis USA, has had a long history in the U.S. Pipe Tobacco Industry since its founding in 1849.
This acquisition continues to build on the considerable reputation of Mac Baren Tobacco Company being a world leader in the Pipe Tobacco Industry. In addition to being a perfect strategic fit for the two companies, Sutliff Tobacco Company will act as the importer and distributor of Mac Baren products in the Western Hemisphere. This acquisition will not only strengthen the Pipe Tobacco Portfolio of Sutliff Tobacco Company but will also bring the significant knowledge, strength and commitment of Mac Baren Tobacco Company’s expertise and leadership in the Tobacco Business into the US market.
Sutliff Tobacco Company will continue to manufacture Pipe Tobacco in its Richmond Virginia Factory, and Paul Creasy has been named as President of the new corporation. Further information about Mac Baren Tobacco Company can be found at www.Mac-Baren.com and about Sutliff Tobacco Company at www.Sutliff-Tobacco.Com.