3 stories mentioning UFPIUpdated 44d ago
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UFP Industries (UFPI) has an average rating of overweight and mean price target of $105.60, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
UFP Industries (UFPI) said Monday it is acquiring pallet manufacturer John Rock for about $48 million to bolster its packaging abilities and expand its unit PalletOne's outreach in the northeast region.UFP Industries is buying three of the four operating locations, but the sawmill in Dilwyn, Virginia will remain with the seller, the company said.The acquisition adds $82 million in annual sales and will transition 250 John Rock employees to UFP, according to a statement.The acquired assets will be integrated into PalletOne's existing manufacturing network to improve efficiency and service levels, the company stated.Price: $81.93, Change: $-3.25, Percent Change: -3.82%
UFP Industries (UFPI) said Tuesday it has acquired the operating assets of Berry Pallets, for about $20 million.The purchase, including real estate, of the pallet maker in Waseca, Minnesota, expands its footprint and strengthens its ability to serve customers in the upper Midwest, UFP said.The acquisition adds about $23 million in annual sales, the company said. It expects to close the transaction May 18.Price: $95.66, Change: $-0.33, Percent Change: -0.34%
