The 2020 Mid-Year Economic Update_long

UFPI Affiliate Acquires Container Systems, Inc.

Acquisition will expand International Wood Industries' presence in the Eastern U.S.

Industrial Wood Industries, a subsidiary of Universal Forest Products Inc. (NASDAQ: UFPI), Grand Rapids, MI, has acquired Container Systems Inc., Franklin, NC, a manufacturer of crates and containers for industrial applications and the moving-and-storage industry.

CSI had sales in 2013 of approximately $3 million.

The acquisition provides a presence in the Eastern U.S. for Industrial Wood Industries, which supplies bulk shipping and storage bins and other specialized wood products to industrial and agricultural customers.

CSI joint-owner Scott Parsons will remain as plant manager of the Franklinton operations and employees Lyle Davis and James Boswell will serve as operations manager and account manager, respectively.

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