Materials M&A » By The Online Investor Staff, updated Sat., May. 8, 12:54 AM
Recent mergers and acquisitions in the Materials M&A category.
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Slide #6. Universal Forest Products, Inc. — 50 percent ownership interest in Upshur Forest Products, LLC
Acquirer:
Universal Forest Products, Inc. (NASDAQ:UFPI)
Acquiree:
50 percent ownership interest in Upshur Forest Products, LLC
Details:
Universal Forest Products, Inc. (NASDAQ:UFPI) today announced that one of its subsidiaries has purchased a 50 percent ownership interest in Upshur Forest Products, LLC, which owns sawmill operations in Gilmer, Texas. The transaction closed March 27, 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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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 56th percentile
(ranked higher than approx. 56% of all stocks covered)
Analysts' Target Price: UFPI Stock Forecast Based on Zacks ABR data; powered by Xignite |
