Add-on Acquisition • Food

Universal Acquires Silva International

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

Acquisition Context

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.

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M&A Deal Summary
Date	September 8, 2020
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 Company

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 Overview 1

Buyer

Universal

Richmond, Virginia, United States

Category	Company
Founded	1886
Sector	Consumer Products
Employees	10,800
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 Context for Buyer	#
Overall	2 of 3
Sector: Food	2 of 3
Type: Add-on Acquisition	2 of 3
State: Illinois	1 of 1
Country: United States	2 of 3
Year: 2020	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.	Buy	-

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.

Buy

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	-

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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