MORRISVILLE, N.C., Aug. 8, 2018 /PRNewswire/ -- Alliance One
International, Inc. (NYSE: AOI) today announced that its German
subsidiary, Alliance One Rotag AG ("Alliance One Rotag"), and
France Tabac Union de Sociétés Coopératives Agricoles
("France Tabac") have entered into
an agreement for the sourcing, processing and marketing of
high-quality flue-cured Virginia
shisha style tobacco. Together, the two organizations will provide
customers with the high-quality flue-cured Virginia shisha style tobacco that the
European region is recognized for producing.
Alliance One Rotag intends to continue sourcing high-quality
German and Polish flue-cured Virginia tobaccos, which will be processed
with the French-origin tobaccos sourced from France Tabac in its processing facility located
in Sarlat, France.
"Our new agreement with Alliance One Rotag is a great
opportunity to expand the footprint of European shisha style
tobacco," said Remy Losser, Chairman
of the Board of France Tabac.
"Alliance One's global presence and experience in agronomy,
processing and marketing will bring tremendous added value to the
French tobacco industry, and we are excited for the future of the
market."
"French, German and Polish flue-cured Virginia tobacco are recognized worldwide for
their quality and unique nature, and this agreement will position
us to meet the needs of a growing shisha market, while we continue
to serve the needs of our traditional customers," said Scott
Burmeister, Alliance One Regional Director for Europe. "Our agreement with France Tabac will enable us to deliver enhanced
value for shisha and traditional customers as we combine
France Tabac's experience and
capabilities in producing high-quality French shisha style tobaccos
with Alliance One's international footprint."
About Alliance One International, Inc.
Alliance One International (NYSE: AOI) is an agricultural
company that delivers value-added products and services to
businesses and customers, and is a trusted provider of responsibly
sourced, independently verified, sustainable and traceable products
and ingredients.
About France Tabac Union de Sociétés Coopératives
Agricoles
France Tabac was founded in 1979.
The Company's line of business includes the wholesale distribution
of tobacco and its products.
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SOURCE Alliance One International, Inc.