Quality Importers Trading Company has acquired the popular accessory company Xikar, Inc. Quality Importers already is the distributor of many tobacco-related products and accessories including humidors, humidifiers, cigar cutters, pipes and pipe accessories and hookah products. With this latest acquisition, Quality Importers is set to become one of the largest premium cigar accessory suppliers in the U.S. and globally.
In a press release, Quality Importers’ CEO Michael Giordano commented: “On behalf of the Quality Importer family of businesses, we are excited to announce the acquisition of XIKAR, Inc., which marks our largest and most impactful transaction since our inception 18 years ago. This is a transformational event in the cigar accessory category, creating an industry-leading partnership with enormous growth potential in existing and new markets. Unlike all of our previous acquisitions, Xikar contributes a coordinated and experienced team of professionals, as well as a set of high quality, branded products and services, altogether enhancing the value proposition for our retail partners. The pure enthusiasm we have witnessed from Kurt and Scott to join the Quality Importers team has been inspiring for all of us. As with all transitions of this kind, there is much work to be done, and we will keep our focus on executing in the most effective manner for our customers and employees. Along the way, together, we will continue making strategic acquisitions to fulfill our mission to be the most comprehensive supplier of smoking accessories in the industry worldwide.”
Michael Cellucci, Quality Importers’ President and Chief Operating Officer, added: “I have a lot of respect for the company Kurt and Scott have built. They have established a strong portfolio of market-leading products. We are excited for the combination of these two companies. This is a perfect marriage, leveraging the strong brand positioning of Xikar, and full services of Quality Importers. Our goal is to deliver a single all-encompassing solution to our retail partners focused on aggressive sales planning, innovative product development, and outstanding customer service.”
Xikar’s Kurt Van Keppel also added: “We at Xikar are extremely pleased to partner with Mike Giordano and Michael Cellucci at Quality Importers, to expand the global reach of both companies’ products and services. Through this process, my respect and admiration for Mike Giordano and the company he has built grew exponentially. Michael Cellucci was a great hire by Mike. His experience, strategic vision and natural leadership skills have really helped us bring the vision of combining these two great companies into focus.”
Xikar’s Scott Almsberger and Kurt Van Keppel will continue to run operations for the company as minority partners and will take on new roles as Executive Vice President as well. Michael Giordano will continue to serve as the CEO of Quality Importers while Michael Cellucci will continue on as its President and Chief Operating Officer.