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UFPI completes takeover of pallet producer PalletOne

Purchase price on debt-free basis amounts to approximately US$232 million

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Published in issue 3/2021
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The US company UFP Industries Inc. (UFPI) of Grand Rapids, Michigan, completed its acquisition of the US pallet producer PalletOne Inc. of South Bartow, Florida, on 28 December 2020 as planned. The purchase price was US$232m on a debt-free basis, plus US$21m for PalletOne’s most recent investment expenditure. As ...

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Pallets
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