Tag: Universal

  • Cigar Industry Loses a Legend: ‘Fritz’ Bossert

    Cigar Industry Loses a Legend: ‘Fritz’ Bossert

    Fritz Bossert (right) – Photo: Timothy S. Donahue

    It is with sadness that we report the passing of Friedrich “Fritz” Bossert, former CEO of Lancaster Leaf Tobacco Co. and retired regional director of Universal Corporation’s Dark Air-Cured Group. He passed away on May 12. Bossert was a legend in the cigar industry.

    Bossert spent 22 years at Universal. He started as vice president at Gebrueder Kulenkampff, a German subsidiary, in 2002, and in 2005, he was promoted to the position of senior vice president of International Operations and Sales for Lancaster Leaf. In 2009, Bossert was elected Universal’s regional director of its Dark Air-Cured Group and, at the same time, was elected the CEO of Lancaster Leaf Tobacco Co.

    A subsidiary of Universal, Lancaster Leaf specializes in producing dark air-cured tobacco, which is primarily used for making cigars. Bossert was a well-known and popular friend of the cigar industry, and his numerous contributions will always be remembered.

    George C. Freeman III, chairman, president, and CEO of Universal, said that Bossert’s expertise and professional approach in the dark air-cured market fostered trusted partnerships with Universal customers, particularly during the cigar industry’s recent growth years.

    In a note to Universal’s global operations yesterday, Freeman stated that Bossert was a giant in the dark air-cured industry because he was so passionate, knowledgeable and, above all else, he was a gentleman.

    “That is how he approached life as well. Fritz valued loyalty and courtesy and the importance of relationships and friendships. He loved people, so he was just as comfortable attending a black-tie gala as he was standing in the middle of a wrapper field talking to a farmer,” stated Freeman. “I will dearly miss his wisdom, sense of humor, his courteous manner, and his friendship.”

    Fritz Bossert

    Mark Ryan, president of L.A. Poche Perique Tobacco and a longtime friend of Bossert, said he was devastated by the news of Bossert’s passing. 

    “Fritz was brilliant, professional, avuncular and a dear friend to many in our industry,” said Ryan. “He was always available to listen to our concerns and provide helpful insights and guidance. Fritz was an exceptional human being, admired by everyone in our industry, and I wish I could be more like [he was].”

    During a 2020 trip to Cuba with Tobacco Reporter, Bossert taught several media members the art of rolling cigars by hand. Bossert was also well known for handing out his own unique blend of cigar, affectionately referred to as “Fritz Sticks.”

    A global traveler, Bossert was responsible for managing Lancaster Leaf operations in several countries, including Brazil, the Dominican Republic, Ecuador, Indonesia, Nicaragua, Paraguay, the Philippines, and the United States. His insight and impact on the tobacco industry will continue well into the future. He was also a wine aficionado.

    In a recent article commemorating his retirement, Drew Estate paid tribute to Bossert’s instrumental role in developing its MUWAT Kentucky Fire Cured line, a testament to his deep understanding of fire-cured tobaccos. Furthermore, Bossert’s expertise was pivotal in sourcing the Connecticut tobaccos that are the backbone of the Liga Privada brand, a testament to his unparalleled knowledge and influence in the industry.

    Bossert had a deep understanding of tobacco and was especially experienced in tobacco’s journey from farm to factory. George Cassels-Smith, CEO of Tobacco Technology and a longtime friend of Bossert, praised Bossert’s understanding of the industry and his willingness to share his experiences.

    “It is rare that an individual with so much knowledge of tobacco and our industry shares so freely with customers and shares connections to facilitate great products in the marketplace,” said Cassels-Smith. “Fritz was a walking encyclopedia of knowledge, contacts, and know-how, wrapped in a warm-hearted gentleman. His shoes will be hard to fill, and his presence will surely be missed by everyone he touched.

    “Fritz was a legend in this industry and an approachable old-soul gentleman through and through. My heart goes out to his wife, Claudia, his daughters, and all of his friends worldwide; he was a huge positive to everyone he met.”

  • Strong Start for Universal’s Tobacco

    Strong Start for Universal’s Tobacco

    Photo: Taco Tuinstra

    Universal Corp. reported sales and other operating revenue of $517.7 million in the three months that ended June 30, 2023, up 20 percent over that posted during the same period last year. Operating income declined 17 percent to $11 million.

    Tobacco operations sales and other operating revenues jumped 28 percent to $443.9 million, while  Tobacco operations operating income increased 9 percent to $8.9 million.  

    “Our tobacco operations performed well and are off to a good start for our fiscal year 2024,” said Universal Corp. Chairman, President and CEO George C. Freeman III in a statement.

    “Segment operating income was higher for our tobacco operations segment in the quarter ended June 30, 2023, compared to the quarter ended June 30, 2022, even though we did not have the benefit of large shipments of carryover tobacco from certain origins that we had in first quarter of fiscal year 2023.

    “Demand for leaf tobacco from our customers remains strong, and our level of uncommitted tobacco inventory was 16 percent of tobacco inventory at June 30, 2023. We are forecasting increased leaf tobacco production in fiscal year 2024, compared to fiscal year 2023, and believe that even with that increased production, leaf tobacco will remain in an undersupply position.”

    Freeman also expressed satisfaction with the progress Universal has made integrating its plant-based ingredients platform. He attributed soften-than-expected demand in this segment to high customer inventory levels, but anticipated this situation to be temporary.

    “We believe that we are well-positioned to capitalize on demand from our customers, and that with the investments we are making, we are a stronger partner for current and future customers due to the expanded range of capabilities and products that we can offer them,” said Freeman.