Tracked deals
6
6 tracked deals across 2020-2026.
Grand Rapids, Michigan, United States
UFP Industries is a holding company whose operating subsidiaries manufacture and distribute wood and wood-composite building products, industrial packaging, and related products used in residential and commercial construction and industrial applications.
Tracked deals
6
6 tracked deals across 2020-2026.
Recent pace
2
2 tracked deals announced in the last 12 months.
Deal mix
Buyout
5 buyout · 1 addon
Last 4 years
Supporting Data
UFP Packaging, a division of UFP Industries, acquired the operating assets of John Rock, Inc. and Berry Pallets, Inc. to expand its PalletOne pallet manufacturing network into the Northeast and Upper Midwest. The acquisitions add more than $105 million in annual revenue and approximately 375 employees, strengthening UFP’s ability to serve national, multi-region customers.
UFP Industries (via its UFP Packaging division) announced the acquisition of Berry Pallets, Inc., a pallet manufacturer based in Waseca, Minnesota. The deal is intended to expand UFP Packaging’s national pallet manufacturing network into the Upper Midwest and support growth with national customers through added manufacturing capacity and resources.
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.
Handprint, the home and décor business unit of UFP Retail Solutions (a subsidiary of UFP Industries, Inc.), has acquired the operating assets of Walnut Hollow Farm, Inc., a Dodgeville, Wisconsin-based maker of basswood craft products and woodburning tools. Walnut Hollow reported approximately $11 million in 2020 sales; members of the Ladd family (including the president and CFO) will remain as consultants to support the transition. UFP said the acquisition expands its presence in the hobby/craft and home décor market and will enable cross-channel growth of Walnut Hollow's products.
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.
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.
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