UFP Industries acquires a 50 percent stake in Dempsey Wood Products, LLC, providing additional industrial wood sourcing capacity to support growth

Industry News

UFP Industries, Inc. GRAND RAPIDS, Mich., June 27, 2022 (GLOBE NEWSWIRE) — UFP Industries (Nasdaq: UFPI) today announced that its affiliate, PalletOne, Inc., has acquired a 50 percent equity stake in Dempsey Wood Products, LLC. The purchase agreement includes options for PalletOne to purchase the remaining 50 percent of Dempsey after three years. Founded in…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

STOCK MARKET NEWS: Futures cautious, jobs report on tap, oil slides
EIB signs €40m loan with Renewi to invest in recycling in Netherlands and Belgium
Private residential construction spending slips in October
Dow tumbles 483 points as economic data strengthens the case for more Fed hawkishness
Lumber Futures – December 2, 2022