Alliance One International (NYSE:AOI) is a tobacco leaf merchant. The company deals in flue-cured burley and oriental tobaccos. The company purchases its tobacco directly from contracted suppliers, from local entities that buy tobacco from suppliers, or at auction. These methods vary depending on where the tobacco is being purchased. The company will sometimes advance seeds, fertilizer, or other products to its contracted suppliers. After making a purchase, Alliance One International processes, packs, and stores the tobacco before shipping the finished product to tobacco retailers. The company supplements its core operations with three joint ventures. Alliance One International has a joint venture with China Tobacco, a processing and storage joint venture in Turkey, and a joint venture that...
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