Swisher International To Acquire Drew Estate Cigars
While the exact terms of the deal have not been made public, it was reported that industry giant Swisher will run Drew Estate as a wholly owned subsidiary, keeping the existing D.E. management team intact, including company founders Jonathan Drew and Marvin Samel. The acquisition will include all Drew Estate cigar brands, as well as the 114,000 square foot Gran Fabrica Drew Estate factory in Nicaragua.
Mass-market tobacco giant Swisher International is best known for making Swisher Sweets and other machine-made cigars.
In regards to the change, Jonathan Drew has stated “We are eternally grateful to all of those who have helped build Drew Estate and look forward to advancing the Drew Estate legacy with a great partner.”
This is a developing story, and more details on the acquisition are expected to be revealed in the weeks to come. UPDATE: Read the official Press Release here