UFP Industries to acquire PalletOne for $400m.

UFP Industries, a company that focuses on construction and retailing wood products, agreed to acquire PalletOne, a manufacturer of pallets, for $400m. “This is a great opportunity for all of us at PalletOne. As a strategic addition to UFP’s leading industrial business unit, we will have access to new markets, value-added industrial products, and resources that will help us grow our business and provide our customers with more value. Because UFP is committed to developing its employees and promoting from within, PalletOne employees will have new opportunities to grow their careers as well. We’re eager to take advantage of these exciting new possibilities," Howe Wallace, PalletOne President.