Universal Corporation, through its subsidiaries and affiliates, is a leaf tobacco merchant and processor. The largest portion of the company's business involves the procurement, processing, packing, and supply of flue-cured and burley tobacco to manufacturers of consumer tobacco products. Universal does not manufacture cigarettes or other consumer products. Most of the Company's revenues are derived from sales of processed tobacco and from fees and commissions for specific services. Universal conducts its business in more than 30 countries and employees over 24,000 permanent and seasonal workers.