UFP Industries completed the acquisition of a 80% stake in UFP Palets y Embalajes for $52m.

UFP Industries, a supplier of lumber to the manufactured housing industry, completed the acquisition of a 80% stake in UFP Palets y Embalajes, a pallet manufacturing company, for $52m. “Palets Suller provides a strong foundation to expand into Spain and grow our value-added packaging business in Europe. Samuel and his experienced team have built an impressive and efficient business, and we look forward to learning from them and helping them expand into new markets. This is another step in our goal to be the preferred global packaging solutions provider,” Dick McBride, UFP Global Executive Vice President.