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Article: Company Buys Santa Fe, New Mexico Tobacco Business for $275 Million.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 28, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Bob Quick, The Santa Fe New Mexican Knight Ridder/Tribune Business News
Sep. 28--Owners of Santa Fe Natural Tobacco Co., the maker of American Spirit cigarettes, struck it rich Tuesday.
Rothmans, Canada's second-largest cigarette manufacturer, announced it will acquire the Santa Fe company for $275 million -- taking control of a small but significant brand in the tobacco business.
Rothmans says local operations -- which employ about 115 people in a distribution center and administrative headquarters at 1368 Cerrillos Road -- will remain unchanged.
The company's Natural American Spirit cigarettes are made without the use of ...