Content about Universal Forest Products

April 3, 2014

Just days after buying an interest in a Texas sawmill operator, Universal Forest Products has made another acquisition, this one in North Carolina.

UFPI announced that one of its subsidiaries has purchased assets of High Level Components, a building component manufacturer based in Locust, N.C. The deal closed March 31.

April 1, 2014

A subsidiary of Universal Forest Products has purchased a 50% ownership interest in Upshur Forest Products, which owns sawmill operations in Gilmer, Texas.

According to a statement released by UFPI Monday, the acquisition will help expand the company's footprint in East Texas and western Louisiana, supplying raw material to nearby UFPI affiliates and to new industrial operations that will be established at one of the mill locations.

March 18, 2014

MoistureShield, the Springdale, Ark.-based composite decking manufacturer, has expanded its presence in the Sunbelt and West Coast regions by adding 12 new distribution locations to its network.

Among the new distributors are Huttig Building Products in Phoenix, Nashville, and Jackson, Miss.; BlueLinx in Tampa, Miami and Jacksonville, Fla.; Dixie Plywood and Lumber Company in San Antonio, Houston and Dallas; Universal Forest Products in Thornton and Riverside, Calif.; and Intermountain Supply in Spokane, Wash.

March 18, 2014

A subsidiary of Grand Rapids, Mich.-based Universal Forest Products acquired Container Systems, a manufacturer of crates and containers for industrial applications and the moving-and-storage industry, located in Franklinton, N.C. 

CSI produces a full line of moving and storage crates, specialized crates for niche markets and integrated packaging solutions, and is a wholesale cut-to-size panel and lumber supplier to the area’s industrial customers. Sales in 2013 were about $3 million. 

March 4, 2014

Grand Rapids, Mich.-based Universal Forest Products signed a distribution deal for the CAMO Hidden Deck Fastening System from National Nail Corp.

The product is now available through select UFPI affiliates and will be co-marketed with the National Nail's ProWood brand of pressure-treated decking.

CAMO is a hidden fastening system that easily and affordably attaches treated lumber, hardwood, cedar, composite or PVC deckboards directly to the substructure creating a fastener-free deck surface, according to the company.

February 4, 2014

Universal Forest Products has announced that Mary Tuuk, executive VP corporate services and secretary of the board of directors of Fifth Third Bancorp, was elected to its board of directors at the Jan. 30, 2014, meeting. Tuuk’s election expands the UFPI board to 10, including eight independent directors.

October 18, 2013

Stanley (SWK) leveled off some from the previous day's 14-point decline to a negative 3.10%. Universal Forest Products (UFPI) was up a robust 9.76%.

October 8, 2013

Universal Forest Products was down 4.08% to a stock price of $40.00 on Monday.

August 12, 2013

UFP-Edge, a new line of pattern, fascia and trim products made and sold exclusively in the Western U.S., is Universal Forest Products' latest answer to demand for locally made premium profile products.

UFP affiliates have developed the lumber using modern equipment and processes and premium brite lumber, as well as knives the company grinds itself to assure minimally flawed cuts.

August 8, 2013

It was a tough day for the stocks on Wednesday. Home Depot and Lowe's were both down more than 1%.

July 19, 2013

Universal Forest Products (UFP) reported 2013 second-quarter net sales of $738.4 million, a 24.4% increase over 2012 second-quarter net sales of $593.7 million.

The company saw significant double-digit gains in each of its five markets, but net earnings declined 10.8% to $15.8 million in the quarter.

February 14, 2013

Looking to grow through new customers and new products, Grand Rapids, Mich.-based Universal Forest Products posted double-digit sales growth for the fourth quarter and the full year.

January 4, 2013

Universal Forest Products closed on the acquisition of Custom Caseworks, a high-precision business-to-business manufacturer of engineered wood products.

"Custom Caseworks is a proven manufacturer and distributor with a reputation for superior products and service, and we're pleased to add them to the Universal portfolio of companies," said Universal Forest Products CEO Matthew J. Missad. 

October 23, 2012

Universal Forest Products has announced that one of its subsidiaries is expanding the company’s industrial business in the northwest United States with the acquisition of the operating assets of Nepa Pallet and Container Co., a manufacturer of pallets, containers and bins for agricultural and industrial customers. 

October 13, 2011

Grand Rapids, Mich.-based Universal Forest Products posted third-quarter net earnings of $5.6 million, up from net earnings of $2.6 million in the same quarter last year.

Net sales of $468.9 million in the third quarter of 2011 were down 2.4% from net sales of $480.6 million for the same period of last year.

September 29, 2011

Universal Forest Products has named David Tutas as general counsel of the corporation. He succeeds Matthew Missad, who was appointed CEO earlier this year.

Tutas joined Universal as an attorney in 2003. In 2007, he was named director of the legal department at Universal. Before he joined the company, Tutas was an attorney with the Grand Rapids, Mich.-based firm of Nantz, Litowich, Smith & Girard.

September 29, 2011

Universal Forest Products has named David Tutas as general counsel of the corporation. He succeeds Matthew Missad, who was appointed CEO earlier this year.

Tutas joined Universal as an attorney in 2003. In 2007, he was named director of the legal department at Universal. Before he joined the company, Tutas was an attorney with the Grand Rapids, Mich.-based firm of Nantz, Litowich, Smith & Girard.

July 14, 2011

Grand Rapids, Mich.-based Universal Forest Products announced second-quarter net earnings of $4.3 million, down 69% from net earnings of $13.7 million in the second quarter of 2010.

Net sales totaled $544.1 million, down 15% from net sales of $638.6 million for the same period of 2010. Sales were affected by weak consumer spending on larger-ticket home-improvement items.

July 14, 2011

Grand Rapids, Mich.-based Universal Forest Products announced second-quarter net earnings of $4.3 million, down 69% from net earnings of $13.7 million in the second quarter of 2010.

Net sales totaled $544.1 million, down 15% from net sales of $638.6 million for the same period of 2010. Sales were affected by weak consumer spending on larger-ticket home-improvement items.

July 3, 2011

Universal Forest Products Inc. (UFPI) has announced “cost reductions that will result in annualized savings of $10 million” due to weak sales during the first five months of 2011. The Grand Rapids, Mich. company did not specify where or when these cuts will take place; they do not include one-time charges related to reductions, however.   

June 23, 2011

WOLF has announced an exclusive agreement to distribute Deckorators CXT Railing, a new line recently introduced by Universal Forest Products. 

June 21, 2011

Grand Rapids, Mich.-based Universal Forest Products has announced that CEO Michael Glenn is retiring due to health reasons and to make way for new leadership to "build on Universal's strengths and prepare for future opportunity." The board of directors is currently in the process of evaluating candidates for the position. Glenn, who was appointed CEO in 2006, has agreed to stay on until a new CEO is named.

June 21, 2011

Grand Rapids, Mich.-based Universal Forest Products has announced that CEO Michael Glenn is retiring due to health reasons and to make way for new leadership to "build on Universal's strengths and prepare for future opportunity." The board of directors is currently in the process of evaluating candidates for the position. Glenn, who was appointed CEO in 2006, has agreed to stay on until a new CEO is named.

© 2014 Home Channel News. All Rights Reserved.