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Slide #23. Universal Forest Products Inc. — Assets of National Fiber
Universal Forest Products Inc. (NASDAQ:UFPI)
Assets of National Fiber
Universal Forest Products Inc. (NASDAQ:UFPI) today announced that one of its subsidiaries has agreed to purchase the assets of National Fiber, a leading manufacturer of cellulose insulation located in Belchertown, Mass., that serves major markets in the northeastern United States. The transaction is expected to close by January 31, 2014.
UFP Industries is a holding company. Through its subsidiaries, Co. designs, manufactures and markets wood and wood-alternative products for national home centers and other retailers, structural lumber and other products for the manufactured housing industry, engineered wood components for residential and commercial construction, specialty wood packaging, components and packing materials for various industries, and customized interior fixtures used in a variety of retail and commercial structures. In addition, Co. provides a portfolio of outdoor living products, including wood and wood composite decking and related accessories and decorative lawn and garden products.
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Strong Buy (3.50 out of 4)