UFP Industries Inc

UFP Industries, Inc. is a holding company with subsidiaries that design, manufacture, and supply products made from wood, wood and non-wood composites, and other materials. The company is headquartered in Grand Rapids, Michigan, and operates through three primary business segments: Retail, Packaging, and Construction. The Retail segment, known as UFP Retail Solutions, serves the retail market. The Packaging segment, UFP Packaging, focuses on packaging solutions. The Construction segment, UFP Construction, caters to the construction market. This structure allows for specialized sales, efficient resource use, and faster product introductions. UFP Industries manages its individual locations through a market-centered reporting structure, with each location assigned to a business unit within the Retail, Packaging, or Construction segments. For locations serving multiple segments, results are allocated accordingly. The company also has an International segment, which includes packaging operations in Mexico, Canada, Spain, India, and Australia, along with sales and buying offices globally. Additionally, UFP Industries owns Ardellis, a fully licensed captive insurance company based in Bermuda. The International segment and Ardellis are collectively referred to as "All Other" in company reports. Corporate functions, including purchasing, transportation, corporate ventures, and administration, support the operating segments.