UBEECO a subsidiary of UFP Industries purchases J C Gilmore Pty Ltd
UBEECO, a subsidiary of UFP Industries, purchases J.C. Gilmore Pty Ltd,
expanding its industrial packaging offerings in Australia
GRAND RAPIDS, Mich., Monday, March 1, 2021 – UFP Industries, Inc. (Nasdaq: UFPI) today announced that one of its wholly owned subsidiaries, The UBEECO Group, has acquired the assets of J.C. Gilmore Pty Ltd (Gilmores). This transaction adds a wide portfolio of protective packaging to the industrial packaging products offered by UBEECO and its sister company, Integra Packaging, and expands the companies’ customer base throughout Australia.
Founded in 1988 and operating from its distribution facility in Port Melbourne, Australia, Gilmores is a leading distributor in the industrial and construction industries of packaging tapes, stretch films, packaging equipment, strapping, construction protection products and other items, with 2020 sales of $15 million AUD. Gilmores’ leadership team, including founder Michael Gilmore and his brother, Mark Gilmore, will remain with the company.
“Australia is an important growth market for UFP Global Holdings, and Gilmores’ strong reputation provides a great entrance to a large consumable packaging market,” said Dick McBride, executive vice president. “By joining forces, we create growth opportunities with both new and existing customers, as Gilmores provides a complementary line of protective packaging products that UBEECO will now make available to its customers. We also plan to expand Gilmores’ footprint into New South Wales and Queensland, giving them greater service capacity.”
“We look forward to Gilmores and UBEECO collaborating to expand our geographic reach throughout Australia, as well as the capability to provide our customers new lines of timber products and export packaging such as pallets, skids and crates,” said Michael Gilmore. “This combination will create great benefits for both our team and our customers.”