UFP’s PalletOne acquires 50% stake in Dempsey Wood Products | Woodworking Network

GRAND RAPIDS, Mich.– UFP Industries’ affiliate PalletOne Inc. has acquired a 50 percent equity stake in Dempsey Wood Products LLC.Financial details were not disclosed, although the purchase agreement includes options for PalletOne to buy the remaining 50 percent of Dempsey after three years. Founded in 1988, Dempsey Wood Products produces kiln-dried lumber, pallet lumber, and…