UFPI signs agreement to acquire certain assets of North American Container Corporation
Founded in 1967, NACC has nine manufacturing facilities in
“This exciting opportunity will blend the best products of our two proven companies to create an industry-leading offering of structural packaging products,” said Universal CEO
“We are impressed with the people, products, culture and leadership of NACC, and we are working toward a successful merger of our businesses and capabilities in a way that benefits customers, employees and shareholders,” he added.
The purchase is scheduled to close by
“After more than 50 years of success, we were looking for the right opportunity to take our business to the next level for the benefit of our customers, employees and stakeholders. This merger with
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
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