Scandinavian Tobacco Group (STG) announces today that the company has agreed to acquire the Alec Bradley cigar business. The transaction is expected to close on or about February 28, 2023. Founded by Alan Rubin in 1996, the Alec Bradley cigar business is a leading player in the premium cigar space. The brand stands for critically-acclaimed cigars and the portfolio includes Prensado, Kintsugi, Alec Bradley Double Broadleaf, Fine and Rare, Black Market and other brands. Scandinavian Tobacco Group's most recent acquisition was of the Room101 brand in June 2022. The company actively seeks opportunities to expand its strong portfolio with the aim to become the undisputed global and sustainable leader in cigars.ST