Wild Bill’s Tobacco in Troy has acquired all 34 Cheap Tobacco store locations, including 33 in central and eastern Ohio and one in West Virginia. Terms of the transaction were not disclosed.
The deal, which closed in early November, allows Cheap Tobacco Founder and CEO Dennis Harper the ability to retire after celebrating his 30th year with Cheap Tobacco.
Prior to the deal, Wild Bill’s Tobacco, which also celebrated its 30th anniversary this year, had more than 200 stores in Michigan, Indiana, and Ohio.
Wild Bill’s states it is the second largest tobacco retailer in the United States and continues to rapidly grow its brand as a premier tobacco retailer.
“This acquisition allows us to serve a broader customer base and be a part of new communities across the Midwest,” says Jon Welzel, chief marketing officer at Wild Bill’s Tobacco.
Wild Bill’s plans to renovate and provide a facelift to all 34 Cheap Tobacco stores within the next six to nine months. Additionally, walk-in humidors will be added to each of the locations, which will feature cigars from around the world.
What’s more, new product lines will be added like Mr. Vapor, along with extended store hours, and increased awareness of promotions and events.
Through the acquisition, Wild Bill’s Tobacco has retained all Cheap Tobacco store level employees, from district managers down, and plans to offer additional benefits for Cheap Tobacco staff members.
Founded by Mike Samona, Wild Bill’s Tobacco can be found in approximately 240 locations, and is growing with additional stores added monthly.
For more information, visit wildbillstobacco.com.
