October 20, 2014 - FOR IMMEDIATE RELEASE
JACKSONVILLE, Fla. (Nov. 26, 2014) -- Swisher International Inc. today announced it has completed the acquisition of Miami-based Drew Estate Tobacco Company. Drew Estate will operate under its current management team – Co-Founders Jonathan Drew and Marvin Samel, and President Michael Cellucci – as a subsidiary of Swisher.
"The successful team in Miami and Nicaragua will continue to drive 'The Rebirth of Cigars' vision and advance the Drew Estate legacy," explained Michael Cellucci. "As a subsidiary of Swisher International, we now have access to Swisher's resources to support Drew Estate's future growth, and our continued focus on quality products and people."
"Adding the creativity, passion and innovation of Drew Estate employees and leadership to Swisher International is exciting for our company," said Peter Ghiloni, president and CEO of Swisher International. "The success of Drew Estate and its distribution partners Joya De Nicaragua, Royal Agio Cigars, and Tsuge pipes in producing top-quality products is very attractive to Swisher, and we look forward to fostering that culture as Drew Estate continues to grow as a market leader."
Specific terms of the transaction are not being disclosed.
About Drew Estate Inc.
Founded in New York City in 1996 and currently based in Miami, Drew Estate has become one of the fastest growing tobacco companies in the world. Under its mantra "The Rebirth of Cigars"™, Drew Estate has led the "boutique cigar" movement by innovating new elements to the tobacco industry with unique tobaccos and blending styles that have attracted new and old cigar enthusiasts. In its Gran Fabrica Drew Estate, the Nicaraguan headquarters, Drew Estate produces a variety of brands such as ACID, Herrera Estelí, Kentucky Fired Cured, Liga Privada, MUWAT, Natural, Nica Rustica, Nirvana Cameroon Selection, Tabak Especial, UnderCrown, and Java by Drew Estate. Website: http://www.drewestate.com
About Swisher International
Swisher International, Inc. is a leading tobacco manufacturer whose cigars, filtered cigars and smokeless tobacco brands include the largest-selling cigar brand in the world—Swisher Sweets, as well as King Edward, Optimo, BlackStone, Pom-Pom, and Santa Fe cigars; Mail Pouch, Chattanooga Chew, Starr, Bowie and Lancaster chewing tobaccos, Silver Creek, Kayak and Redwood moist snuff, and Navy and Railroad Mills dry snuff; as well as Kismet, Casino Gold HRS, and Nirvana Cameroon Selection Premium Cigars thru its Royal Gold Premium Cigars division. Swisher products are exported to over 80 countries. Swisher International, Inc. is headquartered in Jacksonville, FL and also has manufacturing facilities in Wheeling, WV and Santiago, Dom. Rep. Website: http://www.swisher.com
Sr. Vice President - Global Affairs
President, Drew Estate