Turning Point Brands completed the acquisition of the cigar assets of Unitabac.

Turning Point Brands, a manufacturer, marketer and distributor of branded consumer products, completed the acquisition of the cigar assets of Unitabac, a cigar company. Financial terms were not disclosed. "Gaining access to Unitabac’s product portfolio provides us with necessary assets to build a more competitive platform to participate in this large and growing market. Our intention is to leverage both the Zig-Zag tobacco brand strength and the extensive reach of our retail distribution platform to further penetrate the cigar category by introducing new line extensions under the Zig-Zag tobacco brand and expanding the reach of the Unitabac cigar products," Larry Wexler, Turning Point CEO.