Swedish Match and the Plasencia Group Join Forces to Form a New Tobacco Operation
PG is a family owned tobacco growing and premium cigar production operation located in Honduras and Nicaragua. The company is highly regarded within the cigar industry for its leaf growing, processing, and cigar making expertise.
Swedish Match International manufactures and markets both premium and mass-market cigars primarily for the US market and machine-made cigars for the European and the International market, as well as pipe tobacco, matches and lighters in Continental Europe, Latin America, Australia and Asia.
The JV agreement provides Swedish Match International with additional tobacco expertise and increases the manufacturing flexibility of the SMI cigar business with Honduran and Nicaraguan-origin products.
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SOURCE Swedish Match