UFP affiliate acquires 50% equity stake in key lumber supplier

Industry News

An affiliate of Grand Rapids Township wood products manufacturer UFP Industries Inc. has acquired a 50-percent equity stake in a key supplier based in South Carolina. UFP affiliate PalletOne Inc. acquired the equity stake in Orangeburg, S.C.-based Dempsey Wood Products LLC, the companies announced on Monday. The purchase agreement also includes options for PalletOne to…

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