UFPI Announces Acquisition of Idaho-Based Rapid Wood Mfg.
--Industrial/manufactured housing operation expands company’s territory and capabilities—
Rapid Wood Manufacturing supplies lumber products to manufactured
housing and RV customers. Its expected 2015 sales are approximately
“This is a good opportunity to establish a manufacturing and sales
presence in
“Rapid Wood is a strong company that has served its customers well,” he added. “We look forward to growing their customer base and our offerings in the region, to enhancing our service to existing UFP customers, and to working with the people of Rapid Wood, who have grown a company we are proud to welcome to the Universal family.”
Brizendine said, “We are excited to be joining the companies of
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