Ufpi acquires t&r lumber company, expanding agricultural business

Grand rapids, mich., july 14, 2020 (globe newswire) -- ufp industries (nasdaq: ufpi) today announced that one of its affiliates acquired the operating assets of t&r lumber company and its affiliates, sullivan & mann and kelmar creations. based in rancho cucamonga, california, t&r manufactures and distributes a range of products used primarily by nurseries, including plastic growing containers, pots and trays; wooden stakes; trellises; tree boxes; shipping racks; and other nursery supplies. the company had approximately $31 million in sales in 2019 and will become an affiliate of the ufp industrial business segment. phil guardia, president of t&r, will continue to run the company.
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