UFP Packaging Acquires Berry Pallets to Expand National Network
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
0mins
Should l Buy UFPI?
Source: PRnewswire
- Acquisition Expands Network: UFP Packaging announced the acquisition of Berry Pallets in Waseca, Minnesota, aiming to extend its national pallet manufacturing network into the Upper Midwest, thereby enhancing its capability to collaborate with national customers and improving market competitiveness.
- Strategic Investment: This acquisition aligns with UFP Industries' capital allocation strategy, focusing on investments in core, higher-margin businesses and disciplined M&A, which is expected to drive the expansion of manufacturing capacity to meet demands in packaging and industrial end markets.
- Customer Loyalty: Berry Pallets is known for its well-managed operations and deep customer loyalty, and UFP Packaging plans to provide stability, investment, and resources to support its growth without disrupting its successful operations.
- Multi-Region Platform Development: UFP Packaging's strategy emphasizes not only market reach but also depth, by acquiring businesses with proven track records to build a multi-region platform that enhances efficiency and offers customers more competitive and consistent service.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy UFPI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on UFPI
Wall Street analysts forecast UFPI stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 84.380
Low
98.00
Averages
117.50
High
135.00
Current: 84.380
Low
98.00
Averages
117.50
High
135.00
About UFPI
UFP Industries, Inc. is a holding company. The Company designs, manufactures and supplies products made from wood, wood and non-wood composites, and other materials to the retail, packaging, and construction sectors. Its segments include UFP Retail Solutions (Retail), UFP Packaging (Packaging) and UFP Construction (Construction). The Retail Solutions Segment consists of the following business units: ProWood, Deckorators and UFP Edge. It sells to three verticals, including big box retailers, independent distributors, and distribution centers including two-step distributors. The Packaging Segment serves regional, national, and global customers across verticals including building materials, durable goods, agricultural, moving and storage, heavy equipment and automotive. The construction segment consists of factory-built housing, site-built construction, commercial construction, and concrete forming. The Company operates in the United States, Mexico, Canada, Spain, India and Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
UFP Packaging Expands National Pallet Manufacturing with Two Strategic Acquisitions
- Strategic Acquisitions: UFP Packaging has acquired John Rock, Inc. and Berry Pallets, Inc., significantly expanding its pallet manufacturing operations into the Northeast and Upper Midwest, thereby enhancing its ability to deliver consistent, large-scale solutions to national customers.
- Revenue Growth: The acquisition of John Rock is expected to add approximately $82 million in annual revenue, while Berry Pallets will contribute around $23 million, together exceeding $105 million in annual revenue, solidifying UFP Packaging's position as the largest single-source pallet manufacturer in the nation.
- Employee Increase: These acquisitions will add approximately 375 employees to UFP Packaging, with John Rock contributing about 250 and Berry Pallets adding 75, thereby enhancing the company's operational capacity and market responsiveness.
- Market Strategy: UFP Industries further advances its capital allocation strategy through these acquisitions, focusing on investments in core, higher-margin businesses and expanding manufacturing capacity to meet national customer demands across packaging and industrial applications.
See More
UFP Industries Acquires John Rock Assets for $48M
- Transaction Value: UFP Industries has acquired the operating assets of pallet producer John Rock for approximately $48 million, which will extend the regional footprint of UFP's PalletOne business unit in the northeastern US.
- Sales and Employment: The three facilities being acquired generate $82 million in annual sales and employ nearly 250 people, ensuring uninterrupted production and customer service, thereby enhancing UFP's operational capacity in the region.
- Strategic Importance: UFP Industries CEO Will Schwartz stated that this acquisition is fundamentally about strengthening the core packaging business and leveraging long-term market opportunities to enhance customer service capabilities.
- Historical Context: UFP Industries purchased PalletOne for $232 million in 2020 and acquired another pallet manufacturer, C&L Wood Products, last year, further integrating its operations to achieve economies of scale.
See More
UFP Industries Acquires John Rock, Expanding Pallet Manufacturing Reach
- Acquisition Overview: UFP Industries has acquired the operating assets of John Rock, Inc. for approximately $48 million, filling a geographic gap for PalletOne, Inc. and enhancing its ability to serve national customers in the northeast region.
- Sales and Employee Integration: This acquisition adds approximately $82 million in annual sales and brings nearly 250 employees into the UFP family, further strengthening its core business and expanding scale in strategically important geographies.
- Operational Continuity and Improvement: The transaction includes all key operating assets of John Rock, ensuring immediate manufacturing and service continuity while providing a strong platform for operational improvement and long-term growth.
- Enhanced Market Competitiveness: UFP Industries CEO Will Schwartz emphasized that the acquisition aims to strengthen the core packaging business, leveraging operational synergies and scale to enhance customer service capabilities in the northeast, thereby solidifying market competitiveness.
See More
UFP Industries Acquires John Rock to Strengthen Market Position
- Acquisition Overview: UFP Industries has acquired the operating assets of John Rock, Inc. for approximately $48 million, filling a geographic gap for PalletOne, Inc. and enhancing its ability to serve national customers in the northeast region.
- Sales Growth Potential: This acquisition adds about $82 million in annual sales and incorporates nearly 250 employees into UFP's workforce, further solidifying its core business and expanding its scale in a strategically important geography.
- Operational Integration Benefits: The acquired operations will be integrated into PalletOne's existing manufacturing network, creating opportunities to improve efficiency and service levels while leveraging UFP's procurement and operational capabilities to drive growth with national customers.
- Long-term Strategic Goals: UFP Industries CEO Will Schwartz emphasized that this acquisition aims to strengthen the core packaging business and expand its footprint in the northeast, with expectations to unlock value through operational synergies and scale, enhancing the company's competitive position in packaging and industrial markets.
See More
UFP Industries Inc. Acquires John Rock Operating Assets for Approximately $48 Million
Acquisition Announcement: U.S. company UFP Industries has announced the acquisition of John Rock Operating Assets for approximately $48 million.
Strategic Expansion: This acquisition is part of UFP Industries' strategy to expand its operational capabilities and enhance its market presence.
See More
UFP Industries Q1 2026 Earnings Call Insights
- Profitability Pressure: UFP Industries reported adjusted EBITDA of $111 million for Q1 2026, down $31 million year-over-year, with EBITDA margin decreasing from 8.9% to 7.6%, indicating negative impacts from rising medical and transportation costs on profitability.
- Market Environment Challenges: CEO William Schwartz highlighted that macroeconomic pressures and increased competition will keep market conditions difficult throughout 2026, with demand trending towards the lower end of prior guidance, reflecting a cautious outlook for the company’s future.
- Capital Deployment Plans: With approximately $2 billion in liquidity, the company intends to return cash to shareholders through acquisitions and share repurchases, while also aiming to complete $25 million of its $60 million cost-out program by year-end, demonstrating proactive cost control measures.
- Acquisitions and Integration: UFP completed two acquisitions post-quarter, notably the MoistureShield acquisition, which will significantly enhance its wood/plastic composite decking manufacturing capacity, expected to double by 2027, thereby strengthening its competitive position in the market.
See More
UFP Packaging Expands National Pallet Manufacturing with Two Strategic Acquisitions
- Strategic Acquisitions: UFP Packaging has acquired John Rock, Inc. and Berry Pallets, Inc., significantly expanding its pallet manufacturing operations into the Northeast and Upper Midwest, thereby enhancing its ability to deliver consistent, large-scale solutions to national customers.
- Revenue Growth: The acquisition of John Rock is expected to add approximately $82 million in annual revenue, while Berry Pallets will contribute around $23 million, together exceeding $105 million in annual revenue, solidifying UFP Packaging's position as the largest single-source pallet manufacturer in the nation.
- Employee Increase: These acquisitions will add approximately 375 employees to UFP Packaging, with John Rock contributing about 250 and Berry Pallets adding 75, thereby enhancing the company's operational capacity and market responsiveness.
- Market Strategy: UFP Industries further advances its capital allocation strategy through these acquisitions, focusing on investments in core, higher-margin businesses and expanding manufacturing capacity to meet national customer demands across packaging and industrial applications.
See More
UFP Industries Acquires John Rock Assets for $48M
- Transaction Value: UFP Industries has acquired the operating assets of pallet producer John Rock for approximately $48 million, which will extend the regional footprint of UFP's PalletOne business unit in the northeastern US.
- Sales and Employment: The three facilities being acquired generate $82 million in annual sales and employ nearly 250 people, ensuring uninterrupted production and customer service, thereby enhancing UFP's operational capacity in the region.
- Strategic Importance: UFP Industries CEO Will Schwartz stated that this acquisition is fundamentally about strengthening the core packaging business and leveraging long-term market opportunities to enhance customer service capabilities.
- Historical Context: UFP Industries purchased PalletOne for $232 million in 2020 and acquired another pallet manufacturer, C&L Wood Products, last year, further integrating its operations to achieve economies of scale.
See More
UFP Industries Acquires John Rock, Expanding Pallet Manufacturing Reach
- Acquisition Overview: UFP Industries has acquired the operating assets of John Rock, Inc. for approximately $48 million, filling a geographic gap for PalletOne, Inc. and enhancing its ability to serve national customers in the northeast region.
- Sales and Employee Integration: This acquisition adds approximately $82 million in annual sales and brings nearly 250 employees into the UFP family, further strengthening its core business and expanding scale in strategically important geographies.
- Operational Continuity and Improvement: The transaction includes all key operating assets of John Rock, ensuring immediate manufacturing and service continuity while providing a strong platform for operational improvement and long-term growth.
- Enhanced Market Competitiveness: UFP Industries CEO Will Schwartz emphasized that the acquisition aims to strengthen the core packaging business, leveraging operational synergies and scale to enhance customer service capabilities in the northeast, thereby solidifying market competitiveness.
See More
UFP Industries Acquires John Rock to Strengthen Market Position
- Acquisition Overview: UFP Industries has acquired the operating assets of John Rock, Inc. for approximately $48 million, filling a geographic gap for PalletOne, Inc. and enhancing its ability to serve national customers in the northeast region.
- Sales Growth Potential: This acquisition adds about $82 million in annual sales and incorporates nearly 250 employees into UFP's workforce, further solidifying its core business and expanding its scale in a strategically important geography.
- Operational Integration Benefits: The acquired operations will be integrated into PalletOne's existing manufacturing network, creating opportunities to improve efficiency and service levels while leveraging UFP's procurement and operational capabilities to drive growth with national customers.
- Long-term Strategic Goals: UFP Industries CEO Will Schwartz emphasized that this acquisition aims to strengthen the core packaging business and expand its footprint in the northeast, with expectations to unlock value through operational synergies and scale, enhancing the company's competitive position in packaging and industrial markets.
See More
UFP Industries Inc. Acquires John Rock Operating Assets for Approximately $48 Million
Acquisition Announcement: U.S. company UFP Industries has announced the acquisition of John Rock Operating Assets for approximately $48 million.
Strategic Expansion: This acquisition is part of UFP Industries' strategy to expand its operational capabilities and enhance its market presence.
See More
UFP Industries Q1 2026 Earnings Call Insights
- Profitability Pressure: UFP Industries reported adjusted EBITDA of $111 million for Q1 2026, down $31 million year-over-year, with EBITDA margin decreasing from 8.9% to 7.6%, indicating negative impacts from rising medical and transportation costs on profitability.
- Market Environment Challenges: CEO William Schwartz highlighted that macroeconomic pressures and increased competition will keep market conditions difficult throughout 2026, with demand trending towards the lower end of prior guidance, reflecting a cautious outlook for the company’s future.
- Capital Deployment Plans: With approximately $2 billion in liquidity, the company intends to return cash to shareholders through acquisitions and share repurchases, while also aiming to complete $25 million of its $60 million cost-out program by year-end, demonstrating proactive cost control measures.
- Acquisitions and Integration: UFP completed two acquisitions post-quarter, notably the MoistureShield acquisition, which will significantly enhance its wood/plastic composite decking manufacturing capacity, expected to double by 2027, thereby strengthening its competitive position in the market.
See More
