M&A Deal Summary

Universal Acquires Shank s Extracts

On September 7, 2021, Universal acquired food company Shank s Extracts

Acquisition Highlights
  • This is Universal’s 3rd transaction in the Food sector.
  • This is Universal’s 3rd transaction in the United States.
  • This is Universal’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-09-07
Target Shank s Extracts
Sector Food
Buyer(s) Universal
Deal Type Add-on Acquisition
Advisor(s) SC&H (Financial)

Target

Shank s Extracts

Lancaster, Pennsylvania, United States
Shank's Extracts is a specialty ingredient, flavoring and food company with bottling and packaging capabilities. Shank's Extracts was founded in 1899 and is based in Lancaster, Pennsylvania.

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Buyer(S) 1

Buyer

Universal

Richmond, Virginia, United States
Category Company
Founded 1886
Sector Consumer Products
Employees10,800
Revenue 2.7B USD (2024)
DESCRIPTION

Universal is a leaf tobacco merchant and processor, based on volumes handled by its subsidiaries and affiliates, and has operations in agri-products. Universal was founded in 1886 and is based in Richmond, Virginia.

DEAL STATS #
Overall 3 of 3
Sector (Food) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Pennsylvania) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 Silva International

Momence, Illinois, United States

Founded in 1979, Silva International is a privately-held, natural, specialty dehydrated vegetable, fruit, and herb processing company. Silva procures over 60 types of dehydrated vegetables, fruits, and herbs from over 20 countries around the world. In addition to sourcing, the company specializes in processing natural raw materials into custom-designed dehydrated vegetable- and fruit-based ingredients for a variety of end products. Headquartered in Momence, Illinois, Silva employs over 200 people and has a 380,000 square foot manufacturing facility.

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