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UFP Factory Built Enhances National Reach With Addition Of New Western Facilities

1. UFP Industries acquires Twin Falls facility from Robert Weed Corporation. 2. Transaction increases regional service and operational capacity for UFP Factory Built. 3. Expansion strengthens UFP's position in RV and manufactured housing markets. 4. Management anticipates long-term growth and operational synergies from the acquisition.

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FAQ

Why Bullish?

The acquisition enhances UFPI's capacity and market reach, similar to past successful expansions.

How important is it?

The acquisition is strategic, likely improving UFPI’s revenue and competitive edge in key markets.

Why Long Term?

Improvements and growth from this acquisition will be realized over an extended period.

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GRAND RAPIDS, Mich.--(BUSINESS WIRE)--UFP Factory Built, a division of UFP Industries’ Construction segment, today announced it has acquired the Twin Falls, Idaho facility of Robert Weed Corporation. The transaction that will add regional service and greater capacity to the unit’s operations, and strengthen the company’s position in the RV, cargo trailer and manufactured housing spaces by expanding its western footprint. “UFP Industries has decades of experience as a leading supplier of high-quality components for RV, cargo trailer and manufactured housing OEMs, and this transaction further extends our reach,” said Patrick Benton, President of UFP Construction. “We’re excited about the long-term growth opportunities this transaction provides us as well the operating synergies that exist with our existing locations in region.” “At UFP Factory Built we help builders and OEMs build better from the ground up,” said Chad Eastin, Executive Vice President of UFP Factory Built. “And we look forward to the opportunity to expand and improve our custom structural and innovative solutions to customers in the region.” A full listing of UFP Factory Built offerings can be found at www.ufpfactorybuilt.com. UFP Industries, Inc. is a holding company whose operating subsidiaries—UFP Packaging, UFP Construction and UFP Retail Solutions—manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide. Founded in 1955 and headquartered in Grand Rapids, Michigan, UFP Industries has been ranked on the Fortune 500 and #128 on Industry Week’s list of America’s Largest Manufacturers. For more information about UFP Industries, visit www.ufpi.com. More News From UFP Industries, Inc.

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