Published in Manufacturing

UFP Industries acquires California manufacturer

BY MIBIZ STAFF Tuesday, July 14, 2020 09:31am

GRAND RAPIDS — An affiliate of wood products company UFP Industries has acquired Rancho Cucamonga, Calif.-based T&R Lumber Co.

With the asset deal, UFP Industries (Nasdaq: UFPI), formerly known as Universal Forest Products Inc., acquired T&R Lumber’s affiliates, Sullivan & Mann and Kelmar Creations, according to a statement.

Scott Worthington, president of the UFP Industrial business unit COURTESY PHOTO

T&R is a manufacturer and distributor of products for the nursery industry, including growing containers, pots, trays, wooden stakes, trellises, tree boxes and other supplies. 

“T&R has a strong leadership team and solid track record of growth with new and existing products,” Scott Worthington, president of the UFP Industrial business unit, said in a statement. “We look forward to harnessing their expertise to grow our agricultural product offerings and customer base at UFP affiliates across the country.”

T&R generated $31 million in sales for 2019. The company will be incorporated into the UFP Industrial business and will continue to be managed by President Phil Guardia, according to a statement. 

Guardia called UFP Industries “a perfect fit” for T&R. 

“Their family culture and team approach are exactly how we have operated our companies,” Guardia said in a statement. “We can now expand our regional success across UFP’s national footprint.”

Terms of the deal were not disclosed.

Read 3191 times
SUBSCRIBE TO MIBIZ TODAY FOR WEST MICHIGAN’S FINEST BUSINESS NEWS REPORTING >