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UFP Industries ( (UFPI) ) just unveiled an announcement.
UFP Industries announced that its affiliate, UFP Packaging, LLC, has acquired the assets of C & L Wood Products, Inc., a pallet and mulch manufacturer based in Hartselle, Alabama. This acquisition expands UFP Packaging’s PalletOne business unit’s geographic footprint to northern Alabama and central Tennessee, aiming to enhance high-volume pallet production and broaden customer service. C & L, with a history of growth under Henry Bowman’s leadership, will continue to operate under its existing management team, providing opportunities for innovation and growth for both companies.
More about UFP Industries
UFP Industries, Inc. is a holding company with subsidiaries that manufacture, distribute, and sell value-added products for residential and commercial construction, packaging, and industrial applications worldwide. Established in 1955 and headquartered in Grand Rapids, Michigan, UFP Industries has a global presence with affiliates in North America, Europe, Asia, and Australia. It is ranked #493 on the Fortune 500 and #128 on Industry Week’s list of America’s Largest Manufacturers.
YTD Price Performance: 0.25%
Average Trading Volume: 277,340
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $6.77B
For detailed information about UFPI stock, go to TipRanks’ Stock Analysis page.
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