Scandinavian Tobacco Group completed the acquisition of Mac Baren Tobacco Company from Halberg for DKK535m.

Scandinavian Tobacco Group, a manufacturer of cigars and traditional pipe tobacco, completed the acquisition of Mac Baren Tobacco Company, a global smoking tobacco company, from Halberg for DKK535m. "I am very pleased that we have taken this important step to strengthen our smoking tobacco business with the acquisition of Mac Baren. The acquisition will contribute to our already well-established position on the global market for pipe tobacco and will expand our attractive range of brands of the highest standards to our consumers. The combination with our existing business is expected to deliver meaningful synergies when fully integrated and good value for our shareholders," Niels Frederiksen, Scandinavian Tobacco Group CEO.