Universal Corporation; headquartered in Richmond; Virginia; is one of the world's leading leaf tobacco merchants and processors; based on volumes handled by its subsidiaries and affiliates. The Company previously had operations in lumber and building products and in agri-products; but sold those businesses during the 2007 and 2008 fiscal years. Universal's tobacco operations have been the principal focus of the Company since its founding in 1918. Universal conducts business in over 35 countries and employs over 25;000 permanent and seasonal workers..Universal's business includes selecting; buying; shipping; processing; packing; storing and financing of leaf tobacco in tobacco growing countries for sale to or for the account of manufacturers of tobacco products throughout the world. Universal does not manufacture cigarettes or other consumer tobacco products. Most of the Company's revenues are derived from sales of processed tobacco and from fees and commissions for specific services.
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