North America’s Largest Woodworking Event | Tuesday–Friday | August 6–9, 2024

#IWFmorefor24

Industry & Trends

Universal Forest Pays $6.5M for Factory-built Housing Supplier

BACK TO NEWS

October 20, 2021 | Bill Esler

Haleyville, AL—UFP Industries’ (Nasdaq: UFPI) Construction unit paid $6.5 million for the operating assets of Shelter Products, Inc., a framing lumber and plywood supplier to multi-unit construction firms.

Adjacent to UFP’s Haleyville, AL plant, that supplies trusses to factory-built housing firms, Shelter Products operates its distribution and logistics business from an 87,800-sq.-ft. warehouse that also specializes in supplying framing lumber and plywood to manufactured housing industry customers.

“We continue to believe the lack of affordable housing will create greater demand for factory-built housing, and Shelter Products will help us meet this demand and offer opportunities to distribute new products in the southern U.S.,” says Patrick Benton, president of UFP Construction.

UFP Industries, based in Grand Rapids, MI and formerly known as Universal Forest Products, has been growing rapidly by acquisitions in wood manufacturing. In December 2020 UFP acquired Pallet One, a skid and pallet maker whose business is driven by warehouses for online sales. In April 2021, UFP’s Handprint unit acquired Walnut Hollow Farm, Inc. With revenues of $11 million, the Dodgeville, WI firm manufactures finely finished wood surfaces used in hobby, craft and woodworking projects. In 2016, UFP acquired idX, the largest U.S. manufacturer of store fixtures, retail interiors, and trade show displays.

Shelter Products had sales of $11.4 million in 2020. Stephen Sampson, president and CEO of Shelter Products, will continue to serve the company in a consulting role while assisting with the integration of Shelter Products into UFP Distribution, which provides distribution and logistics support to factory-built manufacturers through nine warehouses across the U.S.

UFP Industries is a holding company whose operating subsidiaries—UFP Industrial, UFP Construction and UFP Retail Solutions—manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging, and other industrial applications worldwide. Founded in 1955, the company has affiliates in North America, Europe, Asia, and Australia. In its most recent quarter, UFP Industries reported record net sales of $2.7 billion for its second quarter of 2021, a 117 percent increase over the year-ago period.

BACK TO NEWS

More Industry & Trend News

  • Lumber Prices Don’t Get Usual Spring Boost

    July 10, 2024

  • The Biggest Mass Timber Building in U.S. Planned for Oakland, CA

    July 10, 2024

  • Which Ten States Are Best for Home Remodeling Businesses?

    July 10, 2024

Register to Attend

Be part of North America’s largest woodworking show and conference.

Register Now

Apply to Exhibit

Grow your business at the premier global woodworking trade show.

Exhibit at IWF 2024

Show Hours & Location

International Woodworking Fair
Tuesday–Friday
August 6–9, 2024

Tuesday–Thursday
8:30 AM–5:00 PM*
Friday
8:30 AM–2:00 PM*

*Building A opens 7:30 AM Tue-Fri

Georgia World Congress Center
285 Andrew Young International Blvd
Atlanta, GA 30313

Get Industry News & IWF Updates

Subscribe to IWF Network News.

Subscribe Now

Terms & Privacy Policy

© 2020 International Woodworking Fair, LLC Terms of Use & Privacy Policy

3520 Piedmont Rd NE #350, Atlanta GA 30305 | (404) 693-8333

 

Have questions about IWF? Check out our new AI chatbot and get info fast!

To get started, set your chat preference. Then click on the chat bar that appears in the lower right corner. Are you an Attendee or an Exhibitor?

Attendee Exhibitor

No Thanks

IWF 2024 Add to Calendar

Sync IWF 2024 with your favorite calendar program.

Notification Message

loading … please wait

Have Questions?

First let’s set your chat preference. Then, just click on the chat bar that appears. Are you an Attendee or an Exhibitor?

Attendee Exhibitor