RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces Universal Corporation’s (NYSE: UVV; Universal) acquisition of Silva International (Silva). Universal sources, processes and supplies agri-products and is the leading global leaf tobacco supplier. The transaction, led by Tim Alexander and Andy Warczak of the Harris Williams Consumer Group, builds on the firm’s experience in the food ingredients sector.
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.
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