UFP Industries Acquires PalletOne
December 28, 2020
UFP Industries, through its subsidiary UFP Industrial, LLC, acquired 100% of PalletOne, Inc. for approximately $232 million, with PalletOne's management team (including President Howe Wallace) remaining in place. The acquisition expands UFP's industrial packaging and pressure-treated lumber capabilities, adding PalletOne's 17 manufacturing locations (22 total sites across affiliates), Sunbelt Forest Products and SunOne Logistics, and more than 1,500 employees.
- Targets
- PalletOne, Inc.
- Industry
- Manufacturing
- Location
- Florida, United States
- Transaction Type
- Buyout
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