GRAND RAPIDS, Mich., Dec. 28, 2020 (GLOBE NEWSWIRE) — UFP Industries, Inc. (Nasdaq: UFPI) today announced that UFP Industrial, LLC, closed on its agreement to purchase 100 percent of the equity of PalletOne, Inc. for approximately $232 million. This price assumes a cash-free, debt-free balance sheet and an agreement to pay $21 million for PalletOne’s recent capital expenditures and other investments. The PalletOne management team, including President Howe Wallace, will continue to lead the company.

Clarksville, TX – October 3, 2017 – PalletOne, Inc. (“PalletOne”), America’s largest new pallet manufacturer, announces the purchase of North East Texas Pallet, a pallet manufacturer located in Clarksville, Texas. “I am happy to join the PalletOne team. The Company’s national presence provides many growth opportunities for the Clarksville operation,” said Lance Downs, the former owner. PalletOne Chief Executive Officer Howe Wallace said, “We are excited to expand our market share in Texas. This acquisition

Purchase of Tractor-Trailer Fleet Will Expand and Enhance Service To Customers BARTOW, Fla., July 25, 2016 /PRNewswire/ — PalletOne, America’s largest new pallet manufacturer, has announced the formation of a new transportation subsidiary, SunOne Logistics, in conjunction with the acquisition of a trucking company in Hazlehurst, Georgia. “With the purchase of Dirt Movers, Inc. and additional assets, PalletOne has gained a fleet of more than 50 tractor trailers that operate throughout the South and that specialize in

Acquisition of plant will allow market expansion and continued growth BARTOW, FL, June 15, 2016 –Sunbelt Forest Products of Bartow, Florida has announced the purchase of a pressure treated wood facility in Athens, AL from Georgia-Pacific (GP). Sunbelt is one of the largest pressure treaters in the Southeast, with plants in Bartow, Florida, Rockledge, Florida, and Louisville, Alabama. The acquisition will increase the company’s manufacturing capabilities to over 600 million board feet of pressure treated

In response to the growing spread of the ZIKA virus, China and South Korea have developed preventative measures and issued updated ZIKA Virus Prevention and Quarantine Guidelines. Both countries are requiring certification for container shipments coming from affected regions validating effective measures were met to eliminate mosquitoes. As a result of these new regulations, pallet customers have been inquiring whether export shipments on wood pallets from the U.S. require fumigation treatment for mosquitos to protect against