UFPI Closes on Acquisition of Wolverine Wood Products
Universal Forest Products, Inc. (“UFPI”) announced that one of its affiliates closed on the purchase of the operating assets of Wolverine Wood Products, a Grand Rapids, Mich.-based manufacturer of wood panel components for furniture, store fixtures and case goods. The previously announced acquisition expands Universal’s capabilities to produce value-added wood components for customers in the Midwest. Mike Petersen, owner and president of Wolverine Wood Products, is remaining with the company as general manager.
“I’m excited by the growth opportunities provided to us as a part of Universal Forest Products,” said Mike. “We’ll have access to new resources and expertise that will help us expand our capacity and better serve our customers. It’s an exciting time to be part of Wolverine.”
“Wolverine will help Universal expand our market presence and our mix of value-added products,” added Universal CEO Matthew J. Missad. “They have a talented and experienced team, and we are excited to learn from their expertise in production automation and are eager to apply it at other Universal facilities.”
About Universal Forest Products
Universal Forest Products, Inc. is a holding company whose subsidiaries supply wood, wood composite and other products to three robust markets: retail, construction and industrial. Founded in 1955, the Company is headquartered in Grand Rapids, Mich., with affiliates throughout North America, Europe, Asia and Australia.
Brandon Froysland – Director of Finance – (616) 365-1589
Source: Universal Forest Products, Inc.