Subsidiary of UFP Industries closes on purchase of Spartanburg Forest Products and its affiliates April 12, 2021 16:30 ET | Source: UFP Industries, Inc. UFP Industries, Inc. Grand Rapids, Michigan, UNITED STATES GRAND RAPIDS, Mich., April 12, 2021 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced that its wholly owned subsidiary Sunbelt Forest Products Corporation closed on its agreement to purchase the net operating assets of Spartanburg Forest Products, Inc. and its affiliates. The purchase price for Spartanburg’s property, plants and equipment is approximately $16.5 million. Sunbelt also purchased Spartanburg’s net working capital for an amount equal to the net book value determined on the date of closing, which totaled approximately $146.5 million.