UFP Industries Acquires Ultra Aluminum Manufacturing

UFP Industries, Inc. (“UFP”) announced that its subsidiary, Deckorators, Inc., has acquired Ultra Aluminum Manufacturing Inc. (“Ultra”), a leading manufacturer of aluminum fencing, gates and railing, for $25 million. The transaction includes $2 million to be paid if certain future performance goals are met.

Founded in 1996 and based in Howell, Michigan, Ultra designs and produces an extensive selection of ornamental aluminum fence and railing products for contractors, landscapers, fence dealers and wholesalers. The company had trailing 12-month sales through November 2021 of approximately $46 million. Ultra President Russ Springborn and Vice President of Business Development Dave Stewart will continue in leadership roles.

“This transaction adds aluminum fencing to our current lineup of vinyl and wood fencing, and strengthens our commitment to bringing customers more choice and product innovation,” said Landon Tarvin, vice president of Deckorators. “Ultra has a diverse product line, including railing, a loyal and diversified national customer base, and a reputation for quality and professionalism that leads the industry. We’re thrilled to have them as a complement to our existing Deckorators deck and railing business.”

“By joining the UFP family of companies, Ultra will have many new opportunities to expand our capacity and reach new customers,” said Russ Springborn. “Like UFP Industries, we are committed to innovation and growth, and we’re excited for what the future has in store for both our customers and our employees.”

About UFP Industries, Inc.

UFP Industries is a holding company whose operating subsidiaries – UFP Industrial, UFP Construction and UFP Retail Solutions – manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Michigan, with affiliates in North America, Europe, Asia and Australia. For more about UFP Industries, go to WWW.UFPI.COM.

About Deckorators, Inc.

Deckorators, the first name in decking, railing and accessories and the originator of the round aluminum baluster, is a subsidiary of UFP Retail Solutions, LLC, a UFP Industries company. Deckorators started the low-maintenance aluminum balusters category with the Classic Series and has since led the industry with many new and innovative decking and railing products. Its approach to developing exciting and distinctive products allows both DIYers and builders to bring the personal creativity of interior design to outdoor living.

Contact:

Dick Gauthier – VP, Communications and Investor Relations – (616) 365-1555

Source: UFP Industries, Inc.