Universal Corp. is a business-to-business agriculture products supplier to consumer product manufacturers that sources and processes leaf tobacco and plant-based ingredients. The company is headquartered in Richmond, Virginia and currently employs 28,500 full-time employees. The firm is engaged in the leaf tobacco business and investing in the growth of its plant-based ingredients platform. The company operates through two segments: Tobacco Operations and Ingredients Operations. The Tobacco Operations segment involves procuring and processing flue-cured, burley, dark air-cured, and oriental leaf tobacco for manufacturers of consumer tobacco products and performing related services. Through its Ingredients Operations segment, it procures raw materials globally and processes the raw materials through a variety of value-added manufacturing processes to produce specialty plant-based ingredients, including fruits, vegetables, botanical extracts, and flavorings for consumer-packaged goods manufacturers, retailers, and food and beverage companies. The company operates in over 30 countries on five continents.
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