RICHMOND, Va., May 19, 2023 /PRNewswire/ -- Universal Corporation (NYSE: UVV) today announced an approximately $30 million expansion project at its subsidiary Shank's Extracts, LLC ("Shank's Extracts"), a specialty ingredient, flavors and botanical extracts company, headquartered in Lancaster County, Pennsylvania. As part of this multi-year project, Shank's Extracts will expand its facilities to support current and future growth needs for additional liquid and dry manufacturing, packaging, and refrigerated storage. The project also includes installation of other manufacturing capabilities to better serve its customers. "We are excited to announce this expansion in our facilities at Shank's Extracts that will enable us to enhance and expand the product offerings of our plant-based ingredients platform," stated George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation.
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