The 2020 Mid-Year Economic Update_long

UFPI Affiliate Acquires Quality Hardwood Sales

Acquisition gives company foothold in hardwood products.

A subsidiary of Universal Forest Products Inc. (NASDAQ: UFPI), Grand Rapids, MI, has acquired Quality Hardwood Sales LLC, a Nappanee, IN-based manufacturer and supplier of hardwood products, including components for cabinets used in homes and recreational vehicles. Terms were not disclosed.

This is Universal’s foray into hardwood products and will expand the Universal portfolio while providing Quality Hardwood with additional markets for its products and the opportunity to grow its customer base and product offering. Quality Hardwood was founded in 2001 and reported sales for 2016 of $30 million.

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