Tobacco.org

• Alliance One International Announces Completion of Merger of DIMON Incorporated and Standard Commercial Corporation 

Alliance One International, Inc. (NYSE: AOI), announced today completion of the merger of DIMON Incorporated and Standard Commercial Corporation. The merger, originally announced November 8, 2004, creates a leading global independent leaf tobacco merchant with broad geographic processing capabilities, a diversified product offering and an established customer base, including all of the world's major consumer tobacco products companies. As a result of the merger, Alliance One is one of only two global independent leaf tobacco merchants, each with substantially similar global market shares.

Brian J. Harker, Chairman and Chief Executive Officer, stated, "With Alliance One we are creating a strategic profile that will be fully in step with the evolution of our industry and our customers' needs. Alliance One will emphasize value-added services, industry-leading tobacco processing capabilities, information technology advancements, new product development and global agronomic programs. We will now have the scale that will better position us to partner with all our customers in a true supply chain alliance."

Jump to full article »