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UFPI Stock - UFP Industries Inc.


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UFP Industries, Inc., headquartered in Grand Rapids, Michigan, is a prominent player in the wood and wood-alternative products industry, operating globally through its subsidiaries. Founded in 1955 and formerly known as Universal Forest Products, Inc., the company rebranded to UFP Industries, Inc. in April 2020 to reflect its diversified portfolio and expanded market presence.

UFP Industries operates through three distinct segments: Retail, Industrial, and Construction. The Retail segment specializes in preserved and unpreserved dimensional lumber, as well as outdoor living products such as wood and wood composite decking. Serving national home center retailers and regional lumberyards, this segment markets its products under well-known trademarks including ProWood, Deckorators, and UFP-Edge, catering to both consumer and contractor markets.

The Industrial segment focuses on manufacturing pallets, specialty crates, wooden boxes, and other packaging solutions for shipping and material handling applications. Additionally, it provides protective packaging products tailored to various industrial needs, ensuring efficient and secure transport of goods.

In the Construction segment, UFP Industries offers a comprehensive range of construction materials including roof trusses, plywood, oriented strand boards (OSB), and engineered wood components such as roof and floor trusses. This segment also engages in the manufacture of structural wood components for residential and commercial structures, as well as provides wood forms for concrete construction projects like parking garages and stadiums.

With operations spanning North America, Europe, Asia, and Australia, UFP Industries continues to expand its market footprint and enhance its product offerings across diverse sectors including residential construction, industrial packaging, and retail consumer goods. The company's commitment to innovation, quality, and customer satisfaction underscores its position as a leader in the global wood products industry.

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Stock Sector: Construction: Manufactured Housing

 

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