Alliance One International

Alliance One International, Inc.
Public
Traded as NYSE: AOI
Industry Tobacco wholesale and distribution; cannabis and hemp production
Genre Consumer goods
Founded 2005
Headquarters Morrisville, North Carolina
Area served
 US and United Kingdom
Revenue $2.35 billion (As of 2013)[1]
Number of employees
 3,330
Website www.aointl.com

Alliance One International is an international storage, sales, distribution company and is one of the two publicly 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] On February 8, 2018, the company announced investments in two Canadian cannabis growers and a United States-based hemp producer.[5][6]

History

Alliance One International was established in 2005, as a result of the corporate merger between DIMON Incorporated and Standard Commercial Corporation.[7]

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.[8]

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.[7]

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.[9]

References

  1. 1 2 "AOI Key Statistics | Alliance One International, Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-17.
  2. 1 2 "Alliance One Tobacco (Malawi) Ltd - AGE". Institute Development Economies Japan External Trade Organization. ide.go.jp. Retrieved 2014-02-17.
  3. ↑ "Alliance One International, Inc.: NYSE:AOI quotes & news - Google Finance". Google.com. Retrieved 2014-02-17.
  4. ↑ "AOI Profile | Alliance One International, Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-17.
  5. ↑ "Publicly-Traded Global Tobacco Company Bets on Cannabis". New Cannabis Ventures. Retrieved 2018-02-09.
  6. ↑ "Big US tobacco company buys stakes in Canadian cannabis growers, American hemp firm". Marijuana Business Daily. 2018-02-08. Retrieved 2018-02-09.
  7. 1 2 "Alliance One International : Company History". Aointl.com. Archived from the original on 2014-02-09. Retrieved 2014-02-17.
  8. ↑ "Acquisition of Intabex Holding Worldwide".
  9. ↑ "Alliance One International Announces Expiration of Exchange Offer for 9.875% Senior Secured Second Lien Notes Due 2021". Yahoo finance. Archived from the original on 2014-03-05. Retrieved 2014-02-20.
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