Click here to close now.

SYS-CON MEDIA Authors: Lori MacVittie, Liz McMillan, Peter Silva, Greg Wind, Glenn Rossman

News Feed Item

Universal Leaf North America U.S., Inc. Announces a New Business to Produce Innovative Food Ingredients

NASHVILLE, N.C., April 16, 2014 /PRNewswire/ -- Universal Leaf North America U.S., Inc. ("ULNA") today announced the launch of Carolina Innovative Food Ingredients, Inc. ("CIFI"), a new venture of ULNA's parent, Universal Corporation (NYSE: UVV). CIFI will utilize advanced technology to produce high quality food grade dehydrated and juiced fruit and vegetable products. Initially the business will focus upon value added ingredients derived from sweet potatoes.  CIFI expects to invest approximately $20 million over two years in a new juice and dehydration facility that will be located near ULNA's manufacturing facility in Nash County, North Carolina, and will employ approximately 64 people.  Production is expected to begin during the first quarter of calendar year 2015.

Clay Frazier, President of ULNA, stated, "This investment is a growth opportunity for Universal Corporation and is beneficial to North Carolina and its tobacco farmers.  It creates jobs and strengthens our farm community.  Sweet potatoes are an important rotational crop and an alternative source of income for tobacco farmers.  Nearly half of U.S. sweet potatoes are grown in North Carolina.  We would like to thank Nash County, the North Carolina Governor's office, the staff of the North Carolina Department of Commerce, the North Carolina Department of Agriculture and Consumer Services, Carolinas Gateway Partnership, and the North Carolina Community College System for their support of this endeavor."

North Carolina Agriculture Commissioner Steve Troxler commented, "During the past decade, the sweet potato industry in North Carolina has been a bright spot for agriculture and our state's economy. With nearly a billion pounds of sweet potatoes raised by over 300 growers, North Carolina welcomes new ways of adding value to this important crop through new products and new business. In addition to the added jobs directly created by Carolina Innovative Food Ingredients, their sourcing of North Carolina sweet potatoes could increase farm revenue and potentially add new agricultural jobs. The North Carolina Department of Agriculture and Consumer Services is especially pleased to be a part of an initiative that provides our state's tobacco growers opportunities to produce additional sustainable rotation crops."

John W. Kimber, Chief Operating Officer of CIFI, stated, "Sweet potatoes are an increasingly popular ingredient in food and pet food products.  They are gluten free, non-GMO, and are a source of resistant starch and fiber, resulting in a low glycemic food index.  Sweet potatoes also have high beta-carotene and vitamin C levels.  In our innovative process, we intend to use sweet potatoes that currently go unused because of surface defects and less desirable shapes and sizes.  These potatoes are a sound and wholesome under-utilized food product that we will market to the growing healthy foods and global pet food industries."  

Headquartered in Richmond, Virginia, Universal Corporation is the leading global leaf tobacco supplier and conducts business in more than 30 countries. Its revenues for the fiscal year ended March 31, 2013, were $2.5 billion. For more information on Universal Corporation, visit its website at www.universalcorp.com. For additional information on Carolina Innovative Food Ingredients, Inc., visit its website at www.innovativefoodingredients.com.

SOURCE Universal Leaf North America U.S., Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Red Hat has launched the Red Hat Cloud Innovation Practice, a new global team of experts that will assist companies with more quickly on-ramping to the cloud. They will do this by providing solutions and services such as validated designs with reference architectures and agile methodology consulting, training, and support. The Red Hat Cloud Innovation Practice is born out of the integration of technology and engineering expertise gained through the company’s 2014 acquisitions of leading Ceph s...
Docker has acquired software-defined networking (SDN) startup SocketPlane. SocketPlane, which was founded in Q4, 2014, with a vision of delivering Docker-native networking, has been an active participant in shaping the initial efforts around Docker’s open API for networking. The explicit focus of the SocketPlane team within Docker will be on collaborating with the partner community to complete a rich set of networking APIs that addresses the needs of application developers and network and system...
It’s been proven time and time again that in tech, diversity drives greater innovation, better team productivity and greater profits and market share. So what can we do in our DevOps teams to embrace diversity and help transform the culture of development and operations into a true “DevOps” team? In her session at DevOps Summit, Stefana Muller, Director, Product Management – Continuous Delivery at CA Technologies, will answer that question citing examples, showing how to create opportunities f...
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science f...
Even as cloud and managed services grow increasingly central to business strategy and performance, challenges remain. The biggest sticking point for companies seeking to capitalize on the cloud is data security. Keeping data safe is an issue in any computing environment, and it has been a focus since the earliest days of the cloud revolution. Understandably so: a lot can go wrong when you allow valuable information to live outside the firewall. Recent revelations about government snooping, along...
FedRAMP is mandatory for government cloud deployments and businesses need to comply in order to provide services for federal engagements. In his session at 16th Cloud Expo, Abel Sussman, Director for Coalfire Public Sector practice, will review the Federal Risk and Authorization Management Program (FedRAMP) process and provide advice on overcoming common compliance obstacles.
The cloud is now a fact of life but generating recurring revenues that are driven by solutions and services on a consumption model have been hard to implement, until now. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, will discuss how a top European telco has leveraged the innovative recurring revenue generating capability of the consumption cloud to enable a unique cloud monetization mod...
Are your applications getting in the way of your business strategy? It’s time to rethink your IT approach. In his session at 16th Cloud Expo, Madhukar Kumar, Vice President, Product Management at Liaison Technologies, will discuss a new data-centric approach to IT that allows your data, not applications, to inform business strategy. By moving away from an application-centric IT model where data integration and analysis are subservient to the constraints of applications, your organization will b...
As organizations shift toward IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection &E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 16th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships, will disc...
Analytics is the foundation of smart data and now, with the ability to run Hadoop directly on smart storage systems like Cloudian HyperStore, enterprises will gain huge business advantages in terms of scalability, efficiency and cost savings as they move closer to realizing the potential of the Internet of Things. In his session at 16th Cloud Expo, Paul Turner, technology evangelist and CMO at Cloudian, Inc., will discuss the revolutionary notion that the storage world is transitioning from me...
VictorOps is making on-call suck less with the only collaborative alert management platform on the market. With easy on-call scheduling management, a real-time incident timeline that gives you contextual relevance around your alerts and powerful reporting features that make post-mortems more effective, VictorOps helps your IT/DevOps team solve problems faster.
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, will demonstrate the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He will discuss from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT ...
The free version of KEMP Technologies' LoadMaster™ application load balancer is now available for unlimited use, making it easy for IT developers and open source technology users to benefit from all the features of a full commercial-grade product at no cost. It can be downloaded at FreeLoadBalancer.com. Load balancing, security and traffic optimization are all key enablers for application performance and functionality. Without these, application services will not perform as expected or have the...
Cloud data governance was previously an avoided function when cloud deployments were relatively small. With the rapid adoption in public cloud – both rogue and sanctioned, it’s not uncommon to find regulated data dumped into public cloud and unprotected. This is why enterprises and cloud providers alike need to embrace a cloud data governance function and map policies, processes and technology controls accordingly. In her session at 15th Cloud Expo, Evelyn de Souza, Data Privacy and Compliance...