A subsidiary of Universal Forest Products Inc. (NASDAQ: UFPI), Grand Rapids, MI, has acquired The UBEECO Group Pty. Ltd., a manufacturer of wood packaging based in Erskine Park, Australia, a suburb of Sydney. Terms were not disclosed.
UBEECO, with 2016 sales of $21.2 million, becomes the second packaging-related Australian acquisition by a Universal affiliate. The first was Integra Packaging Proprietary Ltd. in 2015, a manufacturer and distributor of integrated packaging products based in Brisbane, Australia.
“With this acquisition, we strengthen our foothold in the Australian packaging market, and create opportunities for synergies between our two Australian manufacturers, UBEECO and Integra Packaging,” said UFPI CEO Matt Missad.