UFP Industries' Deckorators Acquires MoistureShield Assets, Targets $200M WPC Capacity by 2027
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UFP Industries' Deckorators division has acquired the remaining operating assets of MoistureShield decking, including an Arkansas manufacturing facility and proprietary CoolDeck technology. This strategic acquisition aims to significantly expand Deckorators' wood plastic composite (WPC) manufacturing capabilities and strengthen its product portfolio in the growing outdoor living market. Management expects this investment, along with additional capital, to double Deckorators' overall WPC capacity to $200 million by 2027. This move signals a clear growth strategy for UFPI in a key segment, enhancing its competitive position and potential for future revenue generation. Investors will be watching for successful integration and progress towards the stated capacity and revenue targets.
At the time of this announcement, UFPI was trading at $90.35 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $5.1B. The 52-week trading range was $84.82 to $118.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.