Gurkha Cigars planned to acquire American Caribbean Cigars in Q1 2018, but after careful consideration have decided to pull out of the deal. Instead, they will build their own 100,000 square foot factory for the manufacturing of premium cigars for their international markets. They expect the project to take about 2 years as location scouting takes place.
Gurkha announced it would acquire American Caribbean Cigars in Esteli, Nicaragua and the factory would have been the company’s first proprietary factory. Upon further review of the situation, Gurkha determined it would make more financial sense to build their own factory. Details about that will be released as they are made available to the media.