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.

With the transaction the Swiss firm now as access to one of the three biggest producers of cigars in Honduras that will now focus only on the production of tobacco. The total amount of the transaction was not revealed.

Market Intelligence

Everything about cigars imports in Central America.

Top importers - Quantities, amounts and prices.

more info

More on this topic

Nicaragua: Tobacco Exports Up 11%

January 2017

In 2016 foreign sales of cigars grew by 11% over 2015, reaching $178 million, of which 84% were destined for the US market.

Figures from the General Directorate of Customs indicate that Honduras and Germany rank second and third in the list of target markets for Nicaraguan cigars. Between 2014 and 2016, growth was 10%, going from $148 million to $178 million.

New Rules for Cigars in the US

July 2016

From August 8 premium handmade tobacco leaf cigars will be subject to the same regulation as cigarettes manufactured with additives.

A group of tobacco companies in Nicaragua will be holding meetings in the US with local companies who have invested in tobacco plantations and cigar factories in order to assess the impact of the entry into force of the new regulation. 

The Cigar Industry in Nicaragua

May 2012

This economic activity generated $95 million in 2012 and has shown sustained growth in recent years.

In 2011, sales of Nicaraguan cigars -102 million units, totaled $95 million. The U.S. is the main market, where 95% of production goes.

In Nicaragua there are 25 cigar factories that create 15,000 direct jobs and 22,000 indirect jobs, mostly in the northern region, mainly in Esteli, said the secretary of the Nicaraguan Cigar Association, Leonel Raúdez to

New Cigar Factory in Honduras

March 2012

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.

The new tobacco plant in Jaleapa, a community in southern Honduras, will produce cigars for export. It represents an investment of 20 million lempiras, a little over $1 million, by a group of Spanish businessmen.

 close (x)

Receive more news about Mergers & Acquisitions

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Costa Rica - Punta Leona, Bambu Community 5 Building Lots

Only 5 lots left for sale in the very desirable Bambu Community in Punta Leona, Puntarenas. This place was a pasture just 5 years ago, there were 18 houses there two years ago and now there are 42 with more.
Willing to sell all 5 lots together at a discounted...

Stock Indexes

(Feb 28)
Dow Jones
S&P 500


(Mar 19)
Brent Crude Oil
Coffee "C"