AcquisitionsApr 28, 2026, 02:06 PM
UFPI Acquires Berry Pallets for $20M, Adds $23M Annual Sales
AI Summary
UFP Industries announced the acquisition of the operating assets, including real estate, of Berry Pallets, Inc., a pallet manufacturer based in Waseca, Minnesota, for approximately $20 million. The transaction, expected to close around May 18, 2026, will add approximately $23 million in annual sales and 75 employees. This strategic move expands UFP Packaging's manufacturing footprint in the upper Midwest, strengthening its core business and enhancing its ability to serve customers.
Key Highlights
- UFPI to acquire Berry Pallets, Inc. for approximately $20 million.
- Berry Pallets is a pallet manufacturer based in Waseca, Minnesota.
- The acquisition is expected to close on or around May 18, 2026.
- Adds approximately $23 million in annual sales to UFP Packaging.
- Brings 75 experienced employees into the UFP family.
- Expands UFP Packaging's pallet manufacturing footprint in the upper Midwest.
- Strengthens UFP's core business and provides immediate capacity.