Harris Williams Advises Universal Corporation on its Pending Acquisition of Silva International
September 08 2020 - 9:36AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it is advising Universal
Corporation (NYSE: UVV; Universal) on its pending acquisition of
Silva International (Silva). Universal sources, processes and
supplies agri-products and is the leading global leaf tobacco
supplier. The transaction is being led by Tim Alexander, Andy
Warczak and Ryan Ghazaeri of the Harris Williams Consumer
Group.
“This transaction builds on the momentum of Universal’s
expansion into food ingredients, a space that continues to exhibit
robust growth,” said Tim Alexander, a managing director at Harris
Williams. “We’re excited to have facilitated the partnership
between Universal and Silva, which will be a highly strategic
combination based on the global sourcing models of both
businesses.”
“Universal’s acquisition of Silva is complementary to its recent
acquisition of FruitSmart, which was completed earlier this year,”
said Andy Warczak, a vice president at Harris Williams. “Universal
is building a leading plant-based food ingredients platform that is
well positioned for growth given underlying food and beverage
trends and increasing consumer preference for clean-label and
plant-based alternatives.”
Universal, headquartered in Richmond, Virginia, sources,
processes and supplies agri-products. Tobacco has been Universal’s
principal focus since its founding in 1918, and the company is the
leading global leaf tobacco supplier. The company conducts business
in more than 30 countries on five continents. Their revenues for
the fiscal year ended March 31, 2020, were $1.9 billion.
Silva has provided dehydrated vegetable, herb and select fruit
ingredients to the food industry for more than 40 years.
Headquartered outside of Chicago in Momence, Illinois, Silva’s
ingredients are produced using state-of-the-art processing
equipment and the latest in food-safety and sorting technology.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has experience across a
variety of sectors, including consumer products, consumer services,
food, beverage, agribusiness, retail and restaurants. For more
information on the firm’s Consumer Group and other recent
transactions, visit the Consumer Group section of the Harris
Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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