U.S. markets closed
  • S&P 500

    3,669.01
    +6.56 (+0.18%)
     
  • Dow 30

    29,883.79
    +59.87 (+0.20%)
     
  • Nasdaq

    12,349.37
    -5.74 (-0.05%)
     
  • Russell 2000

    1,838.03
    +1.98 (+0.11%)
     
  • Crude Oil

    45.02
    -0.26 (-0.57%)
     
  • Gold

    1,832.30
    +2.10 (+0.11%)
     
  • Silver

    24.15
    +0.07 (+0.27%)
     
  • EUR/USD

    1.2111
    -0.0004 (-0.04%)
     
  • 10-Yr Bond

    0.9480
    +0.0140 (+1.50%)
     
  • GBP/USD

    1.3359
    -0.0017 (-0.13%)
     
  • USD/JPY

    104.4790
    +0.0550 (+0.05%)
     
  • BTC-USD

    19,177.73
    -59.12 (-0.31%)
     
  • CMC Crypto 200

    376.19
    +11.27 (+3.09%)
     
  • FTSE 100

    6,463.39
    +78.66 (+1.23%)
     
  • Nikkei 225

    26,802.37
    +1.39 (+0.01%)
     

Universal Corporation Completes Acquisition of Silva International

·1 min read

RICHMOND, Va., Oct. 1, 2020 /PRNewswire/ -- Universal Corporation (NYSE: UVV) today announced that it has successfully completed its previously announced acquisition of Silva International ("Silva"), a privately-held, natural, specialty dehydrated vegetable, fruit and herb processing company. Universal funded the transaction with a combination of cash on hand and existing borrowing capacity. The acquisition expands Universal's plant-based ingredients platform and will enable Universal to offer customers a single source for vegetable and fruit ingredients solutions. Silva procures over 60 types of dehydrated vegetables, fruits, and herbs from over 20 countries around the world. In addition to sourcing, Silva specializes in processing natural raw materials into custom designed dehydrated vegetable- and fruit-based ingredients for a variety of end products. Silva employs over 200 people and has a 380,000 square foot manufacturing facility in Momence, Illinois.

Universal Corporation (NYSE:UVV), headquartered in Richmond, Virginia, is a global agri-products supplier, operating in over 30 countries on five continents, that sources, processes, and supplies leaf tobacco and plant-based ingredients. Tobacco has been the Company's principal focus since its founding in 1918, and Universal is the leading global leaf tobacco supplier. Through the Company's plant-based ingredients platform, it provides high-quality, specialty vegetable- and fruit-based ingredients to food and beverage end markets. Universal has been finding innovative solutions to serve its customers and meet their agri-product needs for more than 100 years. The Company's revenues for the fiscal year ended March 31, 2020, were $1.9 billion. Visit universalcorp.com for more information on Universal Corporation and the latest Company news.

Universal Corporation logo (PRNewsFoto/Universal Corporation)
Universal Corporation logo (PRNewsFoto/Universal Corporation)
Cision
Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/universal-corporation-completes-acquisition-of-silva-international-301144334.html

SOURCE Universal Corporation