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M&A Deal Summary

Universal Acquires Silva International

On September 8, 2020, Universal acquired food company Silva International for 170M USD

Acquisition Highlights
  • This is Universal’s 2nd transaction in the Food sector.
  • This is Universal’s largest (disclosed) transaction.
  • This is Universal’s 2nd transaction in the United States.
  • This is Universal’s 1st transaction in Illinois.

M&A Deal Summary
Date 2020-09-08
Target Silva International
Sector Food
Buyer(s) Universal
Deal Type Add-on Acquisition
Deal Value 170M USD
Advisor(s) Houlihan Lokey (Financial)
Winston & Strawn (Legal)

Target

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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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 2 of 3
Sector: Food M&A 2 of 3
Type: Add-on Acquisition M&A Deals 2 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2020 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 FruitSmart

Grandview, Washington, United States

FruitSmart, Inc. is a provider of fruit and vegetable ingredient processor serving global markets. FruitSmart processes apples, grapes, blueberries, raspberries, cherries, blackberries, pears, cranberries and strawberries as well as other fruits and vegetables. FruitSmart, Inc. was founded in 1982 and is based in Grandview, Washington.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 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.

Buy -
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