Swiss consortium acquires Honduran cigar factory
Oettinger Davidoff bought the Honduran premium cigar company call Camacho Cigars. With this acquisition it now has 10 brands in its commercial portfolio in the Caribbean.
Tuesday, November 4, 2008
The factory, headquartered in Danli, El Paraiso, some 150 kilometers east of Tegucigalpa, had become a key player in the US market where it had an office in Miami named Caribe Imported Cigars, which competed in the cigarette and cigar market.
The construction of a new tobacco factory making cigars for export has begun in Jacaleapa in the South of the country, with an investment of $1 million.
This economic activity generated $95 million in 2012 and has shown sustained growth in recent years.
From August 8 premium handmade tobacco leaf cigars will be subject to the same regulation as cigarettes manufactured with additives.
In 2016 foreign sales of cigars grew by 11% over 2015, reaching $178 million, of which 84% were destined for the US market.
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