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.
SOURCE Alliance One International, Inc.