Ufp industries acquires shelter products, inc., expanding its distribution capabilities within its factory-built business unit to the southern u.s.

Grand rapids, mich., sept. 27, 2021 (globe newswire) -- ufp industries (nasdaq: ufpi) today announced that ufp distribution, llc, a wholly owned subsidiary of ufp construction, llc, acquired the operating assets of shelter products, inc., in haleyville, alabama, for $6.5 million. shelter products operates its distribution and logistics business from an 87,800 sq.-ft. warehouse that specializes in manufactured housing industry customers. shelter products' facility is adjacent to a ufp manufacturing facility that supplies trusses to manufactured housing builders, and the proximity will enable additional operational synergies. shelter products had sales of $11.4 million in 2020. stephen sampson, president and ceo of shelter products, will continue to serve the company in a consultative role while assisting with the integration of shelter products into ufp distribution, which provides distribution and logistics support to factory-built manufacturers through nine warehouses across the u.s.
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