Wednesday, October 22, 2014
Swisher International announced they had entered into an agreement to acquire Drew Estate Tobacco Company. Last month, shockwaves rode through the cigar industry as General Cigar Company acquired the brands of Toraño Family Cigars and Leccia Tobacco. As big as the shockwaves that were sent with those acquisitions, they pale in comparison to this past Monday's announcement. Drew Estate was one of the largest privately held handmade cigar companies in the world, and Swisher is the largest cigar producer in the world. One thing that is certain is that the acquisition will be a create a lot of possibilities and opportunities for the two companies - as well as more questions to be answered.
|Viaje Skull and Bones Cloudmaker Edición Limitada|
|La Flor Dominicana Mr. Blonde|
(Photo Credit: Westside Humidor)
Details of the Mr. Blonde have not been disclosed, but in an email to Cigar Coop from Westside Humidor General Manager Gorden Crippen, he described some background on this cigar, "Mr. Blonde is our version of the up-and-coming event cigar for La Flor Dominicana. it is a beautiful cigar, complex with a burn that starts mild and becomes full as it progresses. Tony Gomez (son of La Flor Dominicana founder Litto Gomez) has been to the shop a few times, and we always have a blast with him when he's here, even when we have to pull him away from the football game on TV (HAHAHAHAHA). But in all seriousness, when we started talking to our rep about doing some thing special, and his first call was to Tony, it was just a matter of minutes before he said he had something awesome for us to use. this is an exciting cigar, and the first of time anyone has seen this available in the U.S.".
Tuesday, October 21, 2014
Cigar News: 262 Paradigm Mr. Pink Lonsdale Heading to Westside Humidor in Wichita Kansas (Cigar Preview)
|262 Paradigm Mr Pink|
Photo Credit: Westside Humidor
Mr. Pink becomes the eighth frontmark to be made in the Paradigm line. Paradigm was the first line released by 262 Cigars and the first shop exclusive to be in the Paradigm line. Last year, 262 released the 262 Revere Lonsdale as a shop exclusive to J. Shepherd in Louisville, Kentucky.
The packaging will be unique for the 262 Paradigm Mr. Pink as it will contain the 262 logo in pink font on a white painted box. Normally the 262 Paradigm features a black colored logo.
The 262 Mr. Pink will have a suggested retail price of $9.55
|Tatuaje Drac - Part of the Pudgy Monsters Series|
Monday, October 20, 2014
|Steve Saka (Cigar Coop Photo)|
Saka, who retired from Drew Estate 15 months ago did say his departure did not have anything to do with a pending deal and there were no such discussions taking place with Swisher during his tenure. Saka addressed some of the business reasons the timing was right for a sale, why Swisher International can be an ideal partner for Drew Estate, whether the products and the company will change, and finally he commented on the initial denial of the sale by Chairman Jonathan Drew.
First up, in terms of products it makes, Swisher's focus has been around machine made / mass market cigars - playing heavily in the flavored cigar market. The company does have roots in premium handmade cigar manufacturing. For a while the company had a bit of hiatus from this area of the business. Last year, this changed when it was announced that Royal Gold Cigars was being launched as a subsidiary under Swisher. In addition to cigar making, the company also produces cigarillos, pipe tobacco, smokeless tobacco, and e-cigarettes.
weeks of speculation that such a transaction would occur. According to the press release, the transaction will close sometime during the fourth quarter of 2014. Drew Estate will operate as a wholly owned subsidiary with its current management team in place.