UFP Industries Acquires PalletOne

48forty Solutions Acquires Industrial Pallet

January 4, 2022

Logistics & Distribution

48forty Solutions, a portfolio company of Audax Private Equity, has acquired Industrial Pallet, a wooden pallet provider and recycler based in Eastford, Connecticut. The acquisition expands 48forty's footprint in the Northeast and is the sixth add-on since Audax's investment in 48forty in November 2020; terms were not disclosed.

UFP Packaging (UFP Industries) Acquires Titan Corrugated and All Boxed Up

December 6, 2022

Packaging

UFP Packaging, an affiliate of UFP Industries, acquired Titan Corrugated, Inc. and its affiliate All Boxed Up, LLC, adding corrugated conversion and distribution capabilities to UFP's industrial packaging portfolio. The combined Titan companies had trailing 12-month sales of approximately $46.5 million through October 2022; Titan's leadership, including founder Jon Reneau, will remain with the business.

UFP Industries Acquires Quest Design & Fabrication and Quest Architectural Millwork

March 16, 2020

Building Products

An affiliate of Universal Forest Products, Inc. (d/b/a UFP Industries) acquired the operating assets of Quest Design & Fabrication, LLC and Quest Architectural Millwork, LLC (collectively "Quest"). Based near Houston, Texas, Quest designs, fabricates and installs premium architectural millwork and case goods for commercial end markets and reported approximately $22 million in sales in 2019; Quest's president and CEO Jon Deutser will remain in place. GulfStar Group served as Quest's exclusive financial advisor on the March 2020 transaction.

UFP Industries Subsidiary Deckorators Acquires Ultra Aluminum Manufacturing

December 27, 2021

Building Products

UFP Industries’ subsidiary Deckorators, Inc. acquired Ultra Aluminum Manufacturing Inc., a Howell, Michigan manufacturer of ornamental aluminum fencing, gates and railing, for $25.0 million with an additional $2.0 million contingent on performance. The acquisition adds aluminum fencing and railing to Deckorators’ product lineup and preserves existing Ultra leadership while expanding UFP’s building-products offerings.

UFP Industries Acquires Endurable Building Products

April 29, 2021

Building Products

UFP Industries, through a subsidiary of UFP Construction, has acquired the assets of Endurable Building Products, a Minnesota-based manufacturer of customized structural aluminum systems for decks, balconies and railings. The acquisition adds Endurable's alumiLAST® product line and experienced leadership to UFP's construction segment and expands UFP's offerings in the multifamily construction market; Endurable reported approximately $15 million in sales in 2020 and its leadership will remain with the business.

Paramount Pallet Acquires Industrie de Palettes Standard (I.P.S.) Inc.

February 3, 2022

Industrial Services

Paramount Pallet, a 48forty Solutions company, has acquired Industrie de Palettes Standard (I.P.S.) Inc., a pallet recycling and repair business headquartered in Laval, Quebec. The deal — Paramount's first acquisition — expands its footprint in Quebec and enhances its pallet repair, remanufacturing and logistics capabilities; terms were not disclosed.