This platform is focused on the plant-based processing segment of the agricultural value chain, where we believe we possess significant operational and commercial expertise. Universal is the parent company for businesses categorized on this website as Universal Leaf, Universal Ingredients and Universal Enterprises. Tobacco has been our principal focus since our founding in … Universal Corporation (NYSE: UVV), headquartered in Richmond, Virginia, sources, processes, and supplies agri-products. The small company began its operation in Prosser. Universal acquires Silva International, a specialty dehydrated vegetable, fruit and herb processing company. Cascadia Capital acted as the exclusive financial advisor to FruitSmart in the transaction. Prosser, WA. Acquisition expands Universal’s plant-based ingredients platform (((READ PRESS RELEASE))) Sustainability (((WATCH VIDEO))) What We Do (((WATCH VIDEO))) Cultivating Communities (((WATCH VIDEO))) Sustainable Practices (((WATCH VIDEO))) About Us. Universal Corporation Completes Acquisition of FruitSmart PR Newswire RICHMOND, Va., Jan. 3, 2020 RICHMOND, Va. , Jan. 3, 2020 /PRNewswire/ -- Universal Because of the seasonal nature of the Company's business, the results of operations for any fiscal quarter will not necessarily be indicative of results to be expected for other quarters or a full fiscal year. Tobacco has been our principal focus since our founding in 1918, and we are the leading global leaf tobacco supplier. The business is headquartered in the Yakima Valley of the state of Washington, where it has approximately 200 employees and two manufacturing facilities. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Following the close, Terry Chambers, FruitSmart president will continue with the same title and role. The company supplies a broad set of juices, concentrates, blends and purees, along with dehydrated slices, dices, pieces, fibers, seed and seed powders, to food, beverage and flavor companies throughout the United States and internationally. We conduct business in more than 30 countries on five continents. Universal Corporation, of Richmond, Va., made the FruitSmart purchase announcement the week of Nov. 24, 2019. Our revenues for the fiscal year ended March 31, 2019, were $2.2 billion. FruitSmart president Terry Chambers said: “By joining Universal Corporation, FruitSmart and our employees will benefit from Universal’s global agri-products services and supply chain management expertise, as well as the greater resources and enhanced scale of a larger, public company. FruitSmart is a market leader for reliability of supply, high-quality products and customized solutions made possible by its internal product development and innovation team. Universal Corp. acquires FruitSmart Richmond-based corporation supplies tobacco, agri-products to more than 30 countries Published January 6, 2020 by Sydney Lake Richmond-based international tobacco leaf supply company Universal Corp. acquired Grandview, Wash.-based fruit and vegetable ingredient processor FruitSmart, Universal Corp. announced Monday. The company added state-of-the-art fruit juice blending equipment and began proprietary and … Please complete the form below to access this resource. Universal Corporation expects to close its purchase of FruitSmart in the current fiscal year, subject to customary closing conditions. FruitSmart. For more information on Universal Corporation, visit our website at www.universalcorp.com. Universal funded the transaction with a combination of cash on hand and existing borrowing capacity. FruitSmart, Inc. headquarters (U.S.A.) : The Company is the leading global leaf tobacco supplier and provides high-quality plant-based ingredients to food and beverage end markets. Our … FruitSmart supplies a broad set of juices, concentrates, blends, purees, fibers, seed and seed powders, and other value-added products to food, beverage and flavor companies throughout the United States and internationally through value-added processing of various fruit and vegetable products. UNIVERSAL CORPORATION. Incorporated in 1918, Universal is headquarters in Richmond, Virginia, in the United States. This STOCK PURCHASE AGREEMENT (this “Agreement”) is made as of November 20, 2019 (the “Execution Date”), by and among Universal Corporation, a Virginia corporation (“Buyer”), FruitSmart, Inc., a Washington corporation (the “Company”), James P.Early, a resident of the State of Washington, James E. Gauley, a resident of the … Universal Corporation (“Universal”), a publicly traded tobacco and ingredients company, has announced it has entered into a definitive agreement to purchase FruitSmart, a leading Washington-based producer of fruit and vegetable-based ingredients. RICHMOND, Va., Sept. 8, 2020 /PRNewswire/ -- Universal Corporation (NYSE: UVV) today announced that it has entered into a definitive agreement to acquire Silva International ("Silva"), a privately-held, natural, specialty dehydrated vegetable, fruit and herb processing company, for $170 million in cash. Universal Corporation, with its subsidiaries ("Universal" or the "Company"), is the leading global leaf supplier. The acquisition provides Universal with a new growth opportunity in an adjacent industry and represents a foundational step in building a broader agri-products services platform. RICHMOND, Va., Nov. 20, 2019 /PRNewswire/ -- Universal Corporation (NYSE: UVV) today announced that it has entered into a definitive agreement to acquire FruitSmart… Universal buys, sells, and processes flue-cured and … Located in the beautiful and agriculturally rich Yakima Valley, FruitSmart is well positioned to offer a vast array of quality fruit juices, purees, concentrates, essences, fibers, seeds, seed oils and seed powders. (128,000 sq ft.) FruitSmart processes apples, grapes, blueberries, raspberries, cherries, blackberries, pears, cranberries and strawberries as well as other fruits and vegetables. Contact us today to see how we can be of service to you. FruitSmart Acquisition. FruitSmart production facility (U.S.A.) : Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Universal funded the transaction with a combination of cash on hand and existing borrowing capacity. Collectively, we conduct business in more than 30 countries on 5 continents and employ more than 20,000 permanent and seasonal workers. For the latest news on Universal, please see our press releases below. Universal Corporation, which together with its subsidiaries is referred to herein as "Universal" or the "Company," is the leading global leaf tobacco supplier. Universal Corporation to Acquire FruitSmart, a Premier Fruit and Vegetable Processor and Supplier. Our commitment to quality and service is unsurpassed in the industry. Universal Corporation (NYSE:UVV), headquartered in Richmond, Virginia, was founded in 1918. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands of dollars) Nine Months Ended December 31, 2020. Universal Corporation; Traded as. RICHMOND, Va., Jan. 3, 2020 /PRNewswire/ -- Universal Corporation (NYSE: UVV) today announced that it has successfully completed its previously announced acquisition of FruitSmart, an independent specialty fruit and vegetable ingredient processor serving global markets. Because of the seasonal nature of the Company's business, the results of operations for any fiscal quarter will not necessarily be indicative of results to be expected for other quarters or a full fiscal year. FruitSmart, started its operations as BSB Seeds. Universal Corporation announces that it has entered into a definitive agreement to acquire Silva International ("Silva"), a privately-held, natural, specialty dehydrated vegetable, fruit and herb processing company, for $170 million in cash. STOCK PURCHASE AGREEMENT . The business is headquartered in the state of Washington, where it has approximately 200 employees and two manufacturing facilities. FruitSmart production and storage facility (U.S.A.) : ET. View original content to download multimedia:http://www.prnewswire.com/news-releases/universal-corporation-completes-acquisition-of-fruitsmart-300980914.html, Candace C. Formacek, Phone: (804) 359-9311, Fax: (804) 254-3584, Email: [email protected], Universal Corporation Completes Acquisition of FruitSmart, http://www.prnewswire.com/news-releases/universal-corporation-completes-acquisition-of-fruitsmart-300980914.html. Universal Corporation, a Virginia-based agri-products company, has agreed to acquire Silva International, a natural, specialty dehydrated vegetable, fruit and herb processing company, for $170 million in an all-cash deal. Universal Ingredients sources and processes vegetable, fruit, herb and spice ingredients for food, including pet food, and beverage end markets. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Universal Corporation to Acquire FruitSmart, a Premier Fruit and Vegetable Processor and Supplier Acquisition Provides New Growth Opportunity in Adjacent Industry and Represents Foundational Step in … (335,000 sq. Universal Corporation (NYSE: UVV), headquartered in Richmond, Virginia, sources, processes, and supplies agri-products. FruitSmart processes apples, grapes, blueberries, raspberries, cherries, blackberries, pears, cranberries and strawberries as well as other fruits and vegetables. Universal Corporation to Acquire FruitSmart, a Premier Fruit and Vegetable Processor and Supplier, Stocks: NYSE:UVV, release date:Nov 20, 2019 NYSE: UVV S&P 600 Component: Founded: 1918 Headquarters: Richmond, Virginia: Website: www.universalcorp.com Universal Corporation (NYSE: UVV) is one of the world's leading tobacco merchants. ft.), To inquire about or order our products Universal Corporation has agreed to acquire FruitSmart, a fruit and vegetable ingredient processor and supplier, with the aim of providing growth opportunity in an adjacent industry. Universal Corp Q2 2021 Earnings Call Nov 5, 2020, 5:00 p.m. The company supplies a broad set of juices, concentrates, blends and purees, along with dehydrated slices, dices, pieces, fibers, seed and seed powders, to food, beverage and flavor companies throughout the United States and internationally. Founded in 1982, FruitSmart, Inc. is a value-added processor of various fruit and vegetable products. Whether you are an established leader in your industry, or you're on your way there, FruitSmart can assist you in meeting your needs in an ever changing worldwide marketplace. By 2000, FruitSmart changed its’ name, added new owners and expanded its focus. Prosser, WA. please email [email protected] or call (509) 882-9956. Universal Corporation, which together with its subsidiaries is referred to herein as “Universal” or the “Company,” is an agri-products supplier. Acquisition Provides New Growth Opportunity in Adjacent Industry and Represents Foundational Step in Building Broader Agri-Products Services Platform Aligns with Stated Capital Allocation Strategy (((READ PRESS RELEASE))) Universal Leaf Tobacco Company … Access Resource. Grandview, WA. Founded in 1982, FruitSmart, Inc. is a value-added processor of various fruit and vegetable products. Current operations. Our … RICHMOND, Va., Jan. 3, 2020 /PRNewswire/ -- Universal Corporation (NYSE: UVV) today announced that it has successfully completed its previously announced acquisition of FruitSmart, an independent specialty fruit and vegetable ingredient processor serving global markets.
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