UFP Industries Acquires Berry Pallets for $20M, Expanding Pallet Manufacturing Network

summarizeSummary

UFP Industries announced the acquisition of Berry Pallets, Inc. for approximately $20 million, a move expected to add $23 million in annual sales and expand its pallet manufacturing footprint in the upper Midwest.

check_boxKey Events

• Acquisition Announced

  UFP Industries is acquiring the operating assets, including real estate, of Berry Pallets, Inc., a pallet manufacturer based in Waseca, Minnesota.

• Transaction Value

  The acquisition is valued at approximately $20 million and is expected to close on or around May 18, 2026.

• Sales Contribution

  Berry Pallets is expected to add approximately $23 million in annual sales to UFP Industries.

• Strategic Expansion

  This acquisition expands UFP Packaging's pallet manufacturing footprint and strengthens its ability to serve customers across the upper Midwest.

auto_awesomeAnalysis

This acquisition represents a strategic expansion for UFP Industries, strengthening its core packaging business by adding capacity and geographic presence in a key region. While the $20 million transaction is modest relative to the company's market capitalization, it is expected to contribute $23 million in annual sales and enhance operational scale and customer service capabilities. This move aligns with the company's stated focus on disciplined investment in core businesses and continued growth in the wood-based industrial packaging market.