Universal Forest Products
goes on acquisition
spree; buys 4 firms
Multi-billion dollar wood product
giant Universal Forest Products
(UFP) has acquired four compa-
nies since January of this year. To-
tal annual sales of the combined
firms are around $50 million.
The acquisitions, announced by
UFP CEO Matthew Missad in a
first-quarter earnings call with
shareholders, are of various lumber and wood product firms. The
primary goals for the acquisitions
are to boost unit sales growth
and enhance the bottom line,
which Missad says have been
negatively affected by weather-related shutdowns and a rising
price of lumber.
Terms of all four deals were not
Great Northern Lumber, an
Illinois-based manufacturer of lumber and panel products; Spinner
Wood Products, a Washington-based manufacturer of wood
bins and pallets; Deer Park, an
Australia-based industrial packaging manufacturer; and Fontana
Wood Products, a component
maker for the housing industry,
represent the acquired firms.
Each acquisition is geared to
boost UFP’s presence in each
respective region: those being
Chicago, Washington, California,
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