Universal Forest Products acquires component manufacturer
A Universal Forest Products subsidiary has purchased certain assets of a building component manufacturer located in Locust, N.C.
High Level Components will join Universal’s UFP Mid-Atlantic subsidiary, a component manufacturer with locations in South Carolina, Virginia, Georgia and North Carolina.
Terms of the deal were not disclosed.
The acquisition will expand Universal’s capacity in the region and allow the company to serve customers in the Charlotte, N.C., market, where it currently doesn’t have a significant presence.
High Level Components’ Corey Misenheimer will lead the new company as general manager of operations.
“As we have assessed opportunities for growth and a stable business climate, the greater Charlotte market has been an attractive target, and the capabilities, assets and opportunities presented by High Level Components provide a strong fit for our needs and objectives,” said Matthew Missad, Universal Forest Products CEO.
Universal Forest Products Inc. is a holding company that provides capital, management and administrative resources to subsidiaries that supply wood, wood composite and other products to the retail, construction and industrial markets.
The company also recently purchased 50 percent ownership interest in Upshur Forest Products LLC, which owns sawmill operations in Gilmer, Texas, and purchased certain assets of Container Systems Inc., a manufacturer of crates and containers for industrial applications and the moving-and-storage industry, located in Franklinton, N.C.