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SEC filingUFP Industries announced the acquisition of Berry Pallets, Inc.'s operating assets for approximately $20 million, adding $23 million in annual sales and expanding its pallet manufacturing footprint in the upper Midwest.
UFP Industries, through its UFP Packaging segment, is executing a strategic acquisition of Berry Pallets, Inc., a pallet manufacturer based in Waseca, Minnesota. The transaction, valued at approximately $20 million, involves the purchase of operating assets including real estate. This move is designed to strengthen UFP Industries' core business by adding immediate capacity and expanding its geographic presence in the upper Midwest. The acquisition brings approximately $23 million in annual sales and integrates 75 experienced employees into the UFP family. Management characterized the deal as a disciplined investment that aligns with the company's strengths, noting Berry Pallets' track record of consistent performance and loyal customer base. The facility will be integrated into the PalletOne network, allowing UFP to leverage operational scale and procurement advantages while maintaining local expertise. The transaction is anticipated to close around May 18, 2026.