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Universal Corporation (Universal) is a leaf tobacco merchant and processor. The Company operates in three reportable segments, North America, Other Regions and Other Tobacco Operations. During the fiscal year ended March 31, 2008 (fiscal 2008), the North America and Other Regions segments was part of the Company’s flue-cured and burley tobacco operations. Its tobacco operations has eight segments: North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services. North America, South America, Africa, Europe, and Asia are primarily involved in flue-cured and/or burley leaf tobacco operations for supply to cigarette manufacturers. Dark Air-Cured supplies dark air-cured tobacco principally to manufacturers of cigars, pipe tobacco, and smokeless tobacco products, and Oriental supplies oriental tobacco to cigarette manufacturers. The remaining non-tobacco businesses, which were not part of the sale of Deli Operations, were sold in fiscal 2008.(Source: 10-K)