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.

More on this topic

Tobacco: Booming Industry in Nicaragua

June 2019

There are 70 cigar factories in the country that produce close to 5,000 brands, and the sales they make to the U.S. surpassing the sales made in that country by companies from the Dominican Republic and Honduras.

Figures from the Cigar Association of America indicate that in 2018 Nicaragua exported 140 million cigars to the North American country, a figure surpassing the 95 million sold by companies in the Dominican Republic and the 75 million exported by Honduras. However, the goal of the Nicaraguan industry is to gain a greater presence in Europe, a market that until now has been dominated by products from Cuba.

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.

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