Ufp industries acquires advantage label & packaging, adding labels and labeling equipment to its industrial packaging offerings

Grand rapids, mich., dec. 20, 2021 (globe newswire) -- ufp industries (nasdaq: ufpi) today announced that its affiliate, ufp packaging, llc, has acquired advantage label & packaging, inc. (advantage label), a provider of labels and related equipment used in industrial packaging, for approximately $16 million. the transaction also includes $2.9 million for related real estate as well as incentive payments of up to $4.5 million over five years if certain performance goals are met.
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