Alliance One International

Alliance One International is an international storage, sales, distribution company and is one of the two public held independent leaf tobacco merchants in the world.^[2] The company generates revenue primarily by selling leaf tobacco and relevant processing fees charged from tobacco manufacturers worldwide.^[3] The company’s enterprise value is $1.27 billion.^[1][4] The company holds a leading position in the tobacco-producing region with operating more than 50 manufacturing facilities worldwide. Its customer base include the world’s largest tobacco manufacturers in United Kingdom, Japan, China, U.S., Southeast of Asia region and so on.^[2]

History

Alliance One International was established in 2005, as a result of the corporate merger between DIMON Incorporated and Standard Commercial Corporation.^[5]

DIMON Incorporated was founded in 1995, and later in 1997 it acquired Intabex Holdings Worldwide, which was the world's fourth-largest leaf merchant at the time.The company’s acquisition of Intabex was considered as the biggest one of that kind in the leaf history. ^[6]

Standard Commercial Corporation, established in 1910, operated tobacco leaf business in Mediterranean area. It used to be the third-largest leaf merchant of the world prior to the merger of DIMON.^[5]

Operations

In December 2013, the company announced the expiration of its offer to exchange up to $735 million of 9.875% Senior Secured Second Lien Notes due 2021.^[7]

References