UFPI affiliate purchases certain assets of Container Systems, Inc.
—Container manufacturer establishes eastern presence for UFPI affiliate International Wood Industries—
CSI produces a full line of moving and storage crates, specialized
crates for niche markets, and integrated packaging solutions, and is a
wholesale cut-to-size panel and lumber supplier to the area’s industrial
customers. Sales in 2013 were approximately
The acquisition provides a presence in the
“This acquisition is a perfect complement to IWI’s business, and allows
that affiliate to bring its strong capabilities and solutions to the
Eastern Seaboard,” said
CSI joint-owner
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
Source:
Universal Forest Products, Inc.
Lynn Afendoulis, Director,
Corporate Communications
(616) 365-1502