Cigar Industry

Davidoff Acquires Camacho

Oct 13, 2008 | By Gregory Mottola
Davidoff Acquires Camacho

Oettinger Davidoff Group, the parent company of Davidoff of Geneva, announced today that it has taken over the Danlí, Honduras, and Miami, Florida, based Camacho Cigars from the Eiroa family. Terms of the deal were not disclosed.

The Eiroas make Camacho plus nine other brands, including Baccarat and La Fontana. Davidoff is the company behind Davidoff, Avo and Zino cigars, among others.

"With the addition of Camacho Cigars and Mr. Christian Eiroa, the Oettinger Davidoff Group has successfully united two families with a passion for cigars as a premium product and the ambition to strive unceasingly for the highest quality standards," said Reto Cina, chief executive officer of the Oettinger Davidoff Group. The company said the deal also will expand its presence in "its most important cigar market—the U.S.A."

Eiroa, 36, president of Camacho cigars, will remain in his position and be reporting directly to Cina. Eiroa's father, Julio, who ran the company in Honduras, has announced his retirement from the cigar company with this deal and will focus on growing cigar tobacco in the Jamastran Valley. Although the company now belongs to Davidoff, the tobacco fields in Honduras will remain under the ownership of the Eiroa family, said Christian Eiroa this morning, as the farms were not part of the acquisition.

"This deal was over a year in the works and we thought that Davidoff was the best fit," said Eiroa in an interview. "We wanted to make sure that the legacy is protected and that our work team is protected as well. Davidoff gave us that option. Davidoff and Camacho share a lot of the same goals. We both want to protect the brand and we both want to grow. They believe in the brand, they believe in the market, and so do we."

For more on this deal, see the October 21 Cigar Insider.

Camacho Davidoff of Geneva USA

More in Cigar Industry

See all
2019 Big Smoke Las Vegas Weekend: Photo Gallery

2019 Big Smoke Las Vegas Weekend: Photo Gallery

A look back at some of the best moments from the 2019 Big Smoke Las Vegas evening parties and daytime …

Nov 22, 2019
2019 Big Smoke Sunday Seminars: Tasting Away in Tequilaville

2019 Big Smoke Sunday Seminars: Tasting Away in Tequilaville

Tequila and mezcal were the topics of the Tasting Away in Tequilaville seminar on Sunday at the 2019 …

Nov 21, 2019
2019 Big Smoke Sunday Seminars: Cigar Lovers’ Breakfast

2019 Big Smoke Sunday Seminars: Cigar Lovers’ Breakfast

The Big Smoke Sunday Seminar crowd refueled with some hearty food, strong coffee and a hair of the …

Nov 21, 2019
2019 Big Smoke Sunday Seminars: Roll Your Own Cigar

2019 Big Smoke Sunday Seminars: Roll Your Own Cigar

You will probably gain a new appreciation for cigars if you go to a factory and see how they’re made. …

Nov 21, 2019
STG Names New President of North American Online and Retail Division

STG Names New President of North American Online and Retail Division

Scandinavian Tobacco Group has announced Sarah Santos will soon take over for Craig Reynolds, the …

Nov 21, 2019
2019 Big Smoke Saturday Seminars: Lunch with Plasencia Cigars

2019 Big Smoke Saturday Seminars: Lunch with Plasencia Cigars

After a morning filled with educational seminars and no shortage of fine cigars, it was only fitting …

Nov 20, 2019