Ufp global holdings ltd. acquires controlling interest in palets suller group

Grand rapids, mich.--(business wire)--ufp global holdings ltd., a subsidiary of ufp industries, inc. (nasdaq: ufpi), has acquired 80 percent of the equity in a newly formed company, ufp palets y embalajes sl, for approximately $52 million usd. ufp palets is comprised of the former pallet manufacturing operations of palets suller sl, serrerÍa y palets chiva sl and drevex castellÓn sl, collectively known as palets suller group. the company had trailing 12-month sales of approximately $38 million.
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