Swisher buys Drew Estate

Swisher International is acquiring Drew Estate Tobacco Co. Drew Estate will continue to operate under its current management team as a subsidiary of Swisher. The transaction is expected to close during the fourth quarter of 2014. Terms of the transaction have not been disclosed.

“We are excited to join the distinguished team at Swisher,” said Michael Cellucci, president of Drew Estate. “After spending the past few months interacting with the Swisher team, we have come to understand their commitment to the cigar and OTP categories, as well as the premium cigar segment. After the transaction closes, we will continue to run our business as we have in the past, and will be able to leverage the resources of Swisher to continue our growth with a renewed focus on our commitment to quality products and people—two of the core principles of the Drew Estate belief system.”

“As a global leader in the cigar and OTP categories, Swisher prides itself on developing, manufacturing, and distributing the most innovative and high quality tobacco products available. I see those same principles in Drew Estate,” said Peter Ghiloni, president and CEO of Swisher International.

“The products produced by Drew Estate and its distribution partners Joya De Nicaragua, Royal Agio Cigars, and Tsuge pipes are top-quality market leaders in their respective segments. The creativity, passion and innovation of Drew Estate employees and management are a perfect match for Swisher, and we look forward to welcoming them to our family.”