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Subsidiary of UFP Industries closes on purchase of Spartanburg Forest Products and its affiliates April 12, 2021 16:30 ET | Source: UFP Industries, Inc. UFP Industries, Inc. Grand Rapids, Michigan, UNITED STATES GRAND RAPIDS, Mich., April 12, 2021 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced that its wholly owned subsidiary Sunbelt Forest Products Corporation closed on its agreement to purchase the net operating assets of Spartanburg Forest Products, Inc. and its affiliates. The purchase price for Spartanburg’s propert...

Print GREER, S.C. - UFP Industries announced that one of its subsidiaries, Sunbelt Forest Products Corp., has acquired South Carolina-based Spartanburg Forest Products' plants, property, and equipment for $17 million. It will also purchase Spartanburg's working capital for an estimated $80 million. The transaction is expected to close by the end of the first quarter of 2021, pending customary closing conditions and regulatory approval. Founded in 1978 and based in Greer, South Carolina, Spartanburg and its affiliates operate four wood treating facilities and one manufacturing facility, mostly...

UFP Industries, Inc. (Nasdaq: UFPI) today announced that one of its wholly owned subsidiaries, Sunbelt Forest Products Corporation, signed an agreement to