Community NASDAQ reports UFP Washington LLC, a subsidiary of Universal Forest Products, Inc. (UFPI), has agreed to acquire the assets of Nepa Pallet and Container, Inc., a manufacturer of pallets, bins and containers for industry and agriculture in Washington. This acquisition strengthens UFPI’s foot hold in the Northwest U.S., and follows the procurement earlier this year of MSR Forest Products, LLC of Alabama, a supplier of trusses and cut-to-order lumber for the manufactured housing industry. As MHProNews reported Oct. 17, 2012, this news comes on the heels of UFPI’s financials for Q3 2012 which denotes double-digit sales growth in four of the five markets, including a 35.5 percent increase in sales in the MH and RV sectors over the same period last year. In addition, the company declared a semi-annual $.20 per share dividend Dec. 15, 2012 to shareholders on record as of Dec. 1, 2012. UFPI closed Friday, Oct. 19 at 36.47, down -2.49%.
(Photo credit: Tim Saville-General Truss)