UFPI Purchases Washington-Based Nepa Pallet

By CnAgri Print

Universal Forest Products, Inc., announced the acquisition of the operating assets of Nepa Pallet and Container Co., Inc., a manufacturer of pallets, containers and bins for agricultural and industrial customers. The purchase was completed this week.

Nepa was purchased by Universal's subsidiary, UFP Washington, LLC, and will do business as Nepa Pallet and Container. The acquisition allows Universal to expand its industrial business and gain a foothold in the Pacific Northwest, two of the Company's strategic goals. Nepa has facilities in Snohomish, Yakima and Wenatchee, Wash., and had trailing twelve month sales through September 2012 of $25 million.

"We are pleased to add the operations and people of Nepa to the Universal family of companies, and look forward to many years of growth and success in this market," said CEO Matthew J. Missad.

Universal Forest Products, Inc. is a holding company that provides capital, management and administrative resources to subsidiaries that design, manufacture and market wood and wood-alternative products for DIY/retail home centers and other retailers, structural lumber and other products for the manufactured housing industry, engineered wood components for the site-built construction market, and specialty wood packaging and components and packing materials for various industries. Universal's subsidiaries also provide framing services for the site-built market, and forming products for concrete construction. The Company's consumer products subsidiary offers a large portfolio of outdoor living products, including wood composite decking, decorative balusters, post caps and plastic lattice. Its lawn and garden group offers an array of products, such as trellises and arches, to retailers nationwide.

Founded in 1955, Universal Forest Products is headquartered in Grand Rapids, Mich., with operations throughout North America.