Parent Companies of Macanudo, C.A.O. Form Joint Tobacco Venture

(CigarAficionado.com) The makers of Macanudo and C.A.O. cigars have signed the papers to bring their companies together. Today, Scandinavian Tobacco, headquartered in Søborg, Denmark, and Swedish Match AB of Stockholm, Sweden, signed a joint venture to merge their cigar and tobacco operations. The deal is expected to close in the third quarter, creating what the companies say will be "one of the largest cigar companies in the world," with annual sales of more than 2.5 billion cigars. Continued