Universal Acquires

Universal Acquires

Universal Forest Products has been on a buying spree in the past two weeks, acquiring stakes in saw mill, lumber processing and manufacturing businesses in North Carolina and Texas.
On March 31 the company announced the acquisition of a 50 per cent stake in Upshur Forest Products, based in Dallas, TX, and with sawmill operations in Gilmer, TX.
In its latest acquisition, announced Wednesday, the Grand Rapids-based lumber and lumber products company purchased “certain assets” of High Level Components, LLC, a building component manufacturer based in Locust, NC.
High Level will join Universal’s UFP Mid-Atlantic subsidiary, a component manufacturer with locations in South Carolina, Virginia, Georgia and North Carolina. The acquisition will expand Universal’s capacity in the region and allow the company to serve customers in the Charlotte, N.C., market, where it currently does not have a significant presence, the company said.

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