Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
My Profile
Universal Forest Products Buys Aljoma Lumber, Inc.
Grand Rapids, Michigan, USA, 13 February 2007 – Universal Forest Products, Inc. (Nasdaq:UFPI) announced that it has completed the purchase of Aljoma Lumber, Inc., one of the largest wood preservation operations in the country.

Aljoma is headquartered in the Miami suburb of Medley, Florida, and is the leading supplier of treated wood and other wood products to do-it-yourself retailers and professional contractor yards in southern Florida and the Caribbean. The company also supplies specialty products to distributors and manufacturers throughout the United States and Canada. Universal closed the USD 53.5 million purchase of all shares of Aljoma on 12 February 2007.

"We've long had our eye on southern Florida, a strong market that fits well with our growth plans and business strategy," said Michael B. Glenn, Universal's president and CEO. "In addition to opening a strong market for preservative-treated wood, it allows us to quickly and efficiently introduce our expanding line of consumer products to that region," he said.

"The 34-acre facility also will allow us to manufacture many of our industrial products to serve the large number of international packaging and shipping companies located in the greater Miami area," Glenn added. "We look forward to growing our presence in Florida and the Caribbean in the coming months and years."

Founded in 1976, Aljoma has approximately 200 employees. The company reported sales of approximately USD 225 million for its fiscal year ended 31 July 2006.

Universal Forest Products markets, manufactures and engineers wood and wood-alternative products for do-it-yourself retail home centers, structural lumber products for the manufactured housing industry, engineered wood components for the site-built construction market, and specialty wood packaging and components for various industries. Universal also provides framing services for the site-built sector. The company launched a consumer products division in 2005, which quickly has grown to include wood, wood-composite, and polymer decking and railing; decorative balusters and post caps made of metals and of tiffany-style glass; and other outdoor living products for the spectrum of tastes and budgets.

Universal has approximately 10,000 employees who work in more than 100 locations throughout North America. Sales for 2006 were USD 2.66 billion. In late 2006, the company announced a growth strategy that calls for it to achieve USD 4 billion in sales by 2010. For information about Universal, visit the company's Web site, www.ufpi.com, or call 888-Buy-UFPI.


Related Articles:

Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: