Scandinavian Tobacco Group (STG) will acquire Thompson and Co. of Tampa, Inc. (Thompson Cigars) for a purchase price of USD $62 million. The closing of the deal is expected to happen by the end of March 2018.
Thompson Cigars is one of the leading online cigar retailers in the United States. Thompson is a family-owned business, founded in 1915 and based in Tampa, Florida. They have annual net sales of USD $100 million and they employ 185 people. Thompson will provide STG with access to one of the largest and most attractive customer bases for premium cigars, and a retail store with call center, also located in Tampa.
