UFPI closes on acquisition of North American Container Corporation; Company is also among the biggest climbers on this year’s Fortune 1000 list, at #610
NACC has nine manufacturing facilities in
“We are pleased not only to be adding the capabilities and business of NACC, but also the great people who have built its success,” said Universal CEO
“We are excited to be part of the Universal family of companies as it continues its trajectory of success, and to embark on this exciting phase of our company’s growth and opportunity,” said
Universal also noted that it has climbed to number 610 on the Fortune 1000, the publication’s list of the largest companies in
“Our place on the Fortune list is due to all of the members of the UFP family who work hard to grow sales,” Missad said. “And while sales are the engine that drives our company, improving our profitability is an even greater goal. It is a tribute to our diversified business model that we have been able to do both.”
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act, as amended, that are based on management’s beliefs, assumptions, current expectations, estimates and projections about the markets we serve, the economy and the Company itself. Words like “anticipates,” “believes,” “confident,” “estimates,” “expects,” “forecasts,” “likely,” “plans,” “projects,” “should,” variations of such words, and similar expressions identify such forward-looking statements. These statements do not guarantee future performance and involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. The Company does not undertake to update forward-looking statements to reflect facts, circumstances, events, or assumptions that occur after the date the forward-looking statements are made. Actual results could differ materially from those included in such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Among the factors that could cause actual results to differ materially from forward-looking statements are the following: fluctuations in the price of lumber; adverse or unusual weather conditions; adverse economic conditions in the markets we serve; government regulations, particularly involving environmental and safety regulations; and our ability to make successful business acquisitions. Certain of these risk factors as well as other risk factors and additional information are included in the Company's reports on Form 10-K and 10-Q on file with the
Director, Corporate Communications
(616) 365-1502
Source: Universal Forest Products, Inc.