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Sunbelt Forest Products unveils brand identity and expanded product line woodworkingnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from woodworkingnetwork.com Daily Mail and Mail on Sunday newspapers.
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. ....
Subsidiary of UFP Industries closes on purchase of Spartanburg Forest Products and its affiliates streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Print GREER, S.C. - UFP Industries announced that one of its subsidiaries, Sunbelt Forest Products Corp., has acquired South Carolina-based Spartanburg Forest Products plants, property, and equipment for $17 million. It will also purchase Spartanburg s working capital for an estimated $80 million. The transaction is expected to close by the end of the first quarter of 2021, pending customary closing conditions and regulatory approval. Founded in 1978 and based in Greer, South Carolina, Spartanburg and its affiliates operate four wood treating facilities and one manufacturing facility, mostly in the Mid-Atlantic. The combined companies had 2020 sales of approximately $543 million. Stephen Michael, president and CEO of Spartanburg, will remain in a consultative role to help with the transition to Sunbelt, and Sunbelt plans to continue all of Spartanburg’s current vendor and supplier relationships (TSOs and MSOs) after closing. ....
UFP Industries, Inc. (Nasdaq: UFPI) today announced that one of its wholly owned subsidiaries, Sunbelt Forest Products Corporation, signed an agreement to ....