Strategy Archives - Page 2 of 2 - PalletOne Inc. National Pallet Supplier

UFP Industries announces agreement to acquire PalletOne

Posted by Jennifer Daniels on Thursday, December 10th, 2020 in Customer Service, Lean, Maintenance, Production, Quality, Strategy, Sustainability

GRAND RAPIDS, Mich., Dec. 10, 2020 (GLOBE NEWSWIRE) — UFP Industries (Nasdaq: UFPI) today announced that its board of directors approved an agreement for UFP Industrial, LLC, to purchase 100 percent of the equity of PalletOne, Inc. for approximately $232 million. This price assumes a cash-free, debt-free balance sheet. UFP also agreed to pay $18 million for PalletOne’s recent capital expenditures. The transaction is subject to a net working capital adjustment and is expected to […]

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