UFPI acquires Washington pallet manufacturer
Universal Forest Products Inc. of Grand Rapids Township has announced that one of its subsidiaries, UFP Washington, is expanding the company’s industrial business in the Northwest with the acquisition of the assets of Nepa Pallet and Container Co. Inc. in Washington state.
Nepa makes pallets, containers and bins for agricultural and industrial customers, and has facilities in Snohomish, Yakima and Wenatchee, Wash. Nepa has been in business for 75 years and had 12-month sales revenue of $25 million, ending in September. Closing is expected to take place in early November.
According to the company’s statement, the purchase of Nepa advances a number of Universal’s strategic objectives: to enter that geographic market without adding capacity to the marketplace; to continually expand its industrial business; and to grow by acquiring successful companies.
“We’re pleased to join the Universal family and to give our employees the opportunity to grow with an industry powerhouse,” said Patrick Sherry, co-owner and president of Nepa, who will remain as general manager of operations.