Universal Corporation Acquires FruitSmart
January 3, 2020
Universal Corporation (NYSE: UVV) has completed its acquisition of FruitSmart, an independent specialty fruit and vegetable ingredient processor headquartered in Washington's Yakima Valley. The purchase, funded with cash on hand and existing borrowing capacity, expands Universal's agri-products capabilities and serves as a foundational step toward building a broader agri-products services platform.
- Buyers
- Universal Corporation
- Targets
- FruitSmart
- Industry
- Food & Beverage
- Location
- Washington, United States
- Transaction Type
- Buyout
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