UFPI · UFP Industries, Inc.

UFP Industries, Inc. (NASDAQ: UFPI) announced the acquisition of the operating assets of John Rock, Inc., a new pallet manufacturer based in Coatesville, Pennsylvania, for approximately $48 million. The transaction includes three manufacturing locations in Coatesville, Pa., Mifflintown, Pa., and Bowling Green, Va., which collectively generate approximately $82 million in annual sales and employ nearly 250 people. The acquisition fills a key geographic gap in PalletOne, Inc.'s network, strengthening UFP Packaging's ability to serve national customers in the northeast region. John Rock, a subsidiary of Kamps Pallets, brings established customer relationships and experienced teams. The acquired operations will be integrated into PalletOne's manufacturing network, creating opportunities for operational synergies, efficiency improvements, and growth with national customers. Management emphasized the strategic importance of expanding in the northeast and the potential to unlock value through scale and operational capabilities. The transaction underscores UFP Industries' focus on investing in core businesses and expanding manufacturing capacity in key markets.