UFPI closes on acquisition of Wolverine Wood Products

Wednesday, May 1, 2019

UFPI closes on acquisition of Wolverine Wood Products

GRAND RAPIDS, Mich., Wednesday, May 1, 2019 – Universal Forest Products, Inc. (NASDAQ: UFPI) today 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.”