Recent rumors of consolidation now appear accurate with the recent news Tabesa has acquired cigarette manufacturers Veneto Tabacos and Monte Carlo.
All factories are located close to Ciudad del Este.
It remains to be seen if the factory operations will be consolidated too.
Tabesa is by far the largest cigarette producer in Paraguay with a large diverse export market. The business is owned by the recently elected President.
There are further rumors that Tabesa’s recent acquisistion frenzy is not over – so watch this space.
Will consolidation continue and where is this headed??
Who will be next?