Editor
Editor
Joined: 22 May 2008
Posts: 13
Location: cyberspace
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 Posted: Thu Jul 17, 2008 12:34 pm Post subject: The year 2006 |
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Fr: Pipedia
| Quote: | | On Jan. 26th 2006 Nick Bumbacco, president of Lane Limited in Tucker, Georgia, announced the sale of the Dr. Grabow pipe factory - meanwhile in Sparta, NC – to International Pipes & Accessories LLC. Dr. Grabow is America’s biggest pipemaker at that time with approximately 250,000 to 300,000 pipes per year, which are manufactured by 62 persons employed. As reason for the 4.3 million $ deal, which also included Dr. Grabow Pipe Filters and Dill's Pipe Cleaners, Lane Limited (daughter of Reynolds American Inc.) said they wanted to concentrate in the future only on their core business as manufacturers and distributers of tobacco goods. |
Fr: Carolnia Newswire
| Quote: | Lane Limited Closes Sale of Dr. Grabow Line, Tobacco Pipe Manufacturing Facility
01-27-2006
TUCKER, GA & SPARTA, NC -- Lane Limited (Lane), a manufacturer and marketer of specialty tobacco products and an operating subsidiary of Reynolds American Inc. (NYSE: RAI), has closed the sale of the assets related to its Dr. Grabow line of pipes and pipe filters, and Dill's pipe cleaners, to International Pipes & Accessories LLC. The buyer has agreed to pay $4.3 million for the business.
The sale includes the transfer of ownership of the Dr. Grabow manufacturing facility in Sparta, N.C., to the buyer, as well as a contract for services related to the distribution of Lane products for one year. After one year, distribution of Lane's products will transfer out of the Sparta facility.
Dr. Grabow is the best-selling brand of pipes in the United States, with its production facility in Sparta producing approximately 250,000 pipes per year.
"The closing of this sale allows Lane to more fully focus on its core business and growth strategy," said Nick Bumbacco, president and CEO of Lane. "Selling the Dr. Grabow business at this time is the best fit for Lane and for Dr. Grabow. International Pipes & Accessories LLC has a long-term interest in investing in and growing the Dr. Grabow business, while Lane will continue to focus on manufacturing and marketing premium tobacco products."
Lane currently employs 62 people at the Sparta facility. Effective immediately, 61 employees at the facility will become employees of International Pipes & Accessories LLC. One employee will remain with Lane.
About Lane Limited
Lane Limited (Lane) is the manufacturer and/or marketer of a wide range of specialty tobacco products including roll-your-own and pipe tobaccos, Dunhill and Express 555 premium international cigarettes, little cigars and premium Dunhill cigars. Based in Tucker, GA., Lane is a subsidiary of Reynolds American Inc. http://www.reynoldsamerican.com.
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Fr: Master Blender Russ Oullette
(pipesandcigars.com, Home & Hearth Series)
| Quote: | Actually, this has a tie to the Dunhill/Murray's/Orlik situation. The
parent company of both Dunhill pipe tobaccos and Lane is British
American Tobacco, and they have made no bones about their view that,
from a profit viewpoint, their cigarette/little (read: filtered) cigar
business is where their main interest is. This is just another
indication that this company feels that there is no future (at least
for them) in pipes and pipe tobacco.
This sale might be a blessing, since Grabow is now in the hands of a
company that really wants to make pipes. I wish them all the luck in
the world, and hope they can make Grabow into a more desirable product.
Russ Ouellette
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You can purchase new Grabows at pipesandcigars.com. Although the pictures on the website are not the actual pipe you recieve, they are more than willing to talk to you about what you are looking for in your grabow.
Editor recommends you try at least one fo their Home Blends: "Frenchy's Sunza Bitches" would be a good start. Frenchy, as you know is a member here.
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