Universal Forest Products at 650 on Fortune 1000; Gets High Marks in Its Sector
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--April 6, 2006--Universal Forest Products (Nasdaq:UFPI) today announced it landed at number 650 on the 2006 Fortune 1000 list and ranked highly among the other six companies included in its sector.
Universal was grouped with companies like International Paper, Weyerhaeuser and Louisiana-Pacific and ranked number one in total return to investors for the 10 years from 1995 to 2005. In addition, the company posted the highest percentage of growth in profits in 2005, at 39%, and had the largest gain in the number of employees in 2005.
"We're honored to be recognized with other strong companies and to have our success highlighted in this manner," said Universal CEO William G. Currie. "It's always a point of pride for us and for our people, who are the reason for our success and any recognition we get because of it."
Universal Forest Products markets, manufactures and engineers wood and wood-alternative products for D-I-Y retail home centers, structural lumber products for the manufactured housing industry, engineered wood components for the site-built construction market and specialty wood packaging for various industries. The company also provides framing services for the site-built sector. In conjunction with its customers, Universal uses its engineering and manufacturing expertise, coupled with highly skilled employees, to design and construct buildings and housing. The company has approximately 9,500 employees who work in more than 100 locations. The company reported sales of nearly $2.7 billion in 2005. For information about Universal Forest Products on the Internet, please visit the Company's web site at http://www.ufpi.com , or call 888-Buy-UFPI.
CONTACT: Universal Forest Products, Inc.
Lynn Afendoulis, 616-365-1502
SOURCE: Universal Forest Products, Inc.