UFPI’s Caldwell, ID facility, which also supplies wood and wood products to the MH and RV industries, will be consolidated into Idaho Western, supplying customers in the Northwest with products ranging from lumber and siding to doors and plywood. Founded in 1978, its annual net sales are approximately $21 million, according to nasdaq.
“This strategic acquisition will allow us to bolster our foothold in the manufactured housing and retail markets by expanding our product offering and our geographic reach,” said Universal Forest Products CEO Matthew J. Missad.
Headquartered in Grand Rapids, Mich., UFPI is a component supplier to the MH and RV industries. MHProNews tracks its daily stock report on our Daily Business News website. UFPI’s stock closed up in yesterday’s (June 20) session +1.74 percent at $88.40. ##
(Photo credit: Universal Forest Products, Inc.)
