STG Acquires Majority Stake in Italian Cigar Company

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MOSI was founded in 2013 by Cesare Pietrella and produces high quality traditional machine-rolled cigars blended with Italian and American Kentucky tobaccos that are grown on plantations in Northern Italy and in the U.S. MOSI has gained a market share estimated to be 9 percent in Italy for traditional machine-rolled cigars under a small and exclusive brand known as Ambasciator Italico.

‚ÄúTogether with Scandinavian Tobacco Group, MOSI and Ambasciator Italico are well positioned for growth and the acquisition will invigorate the Italian cigar market and benefit Italian cigars smokers, customers and tobacco farmers,” commented Cesare Pietrella.

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