UFP Industries, Inc. (UFPI)

Overview

UFP Industries, Inc. operates as an extensive provider of wood and wood-alternative products across a global footprint, encompassing North America, Europe, Asia, and Australia. Initially known as Universal Forest Products, Inc., the company rebranded to UFP Industries, Inc. in April 2020, a change that signifies its expansive range beyond just forest products. Founded in 1955 and with its headquarters in Grand Rapids, Michigan, UFP Industries has carved a niche in various market segments through its subsidiaries. The company is structured into three main segments: Retail, Industrial, and Construction, each serving distinct markets and customer needs with a broad array of products and services.

Products and Services

The diverse portfolio of UFP Industries spans preserved and unpreserved dimensional lumber, outdoor living products, packaging solutions, and engineered wood components, among others. Below is a breakdown of its offerings by segment:

• Retail Segment: This area focuses on both preserved and unpreserved dimensional lumber. Additionally, it delivers outdoor living products like wood and wood composite decking and related accessories, as well as decorative lawn, garden, craft, and hobby products. These offerings are catered to national home center retailers and retail-oriented regional and contractor-oriented lumberyards under trademarks such as ProWood, ProWood FR, Deckorators, UFP-Edge, Outdoor Essentials, Dimensions, and Handprint.
• Industrial Segment: UFP Industries supplies pallets, specialty crates, wooden boxes, and other containers used in packaging, shipping, and material handling applications, along with various protective packaging applications. This segment plays a crucial role in the supply chain and logistics industries by providing essential packaging and shipping solutions.
• Construction Segment: Catering to the construction industry, this segment offers an array of products and services including roof trusses, cut and shaped lumber, plywood, oriented strand boards, and dimensional lumber. Engineered wood components, such as roof and floor trusses, wall panels, I-joists, and lumber packages, are also part of the offerings. Furthermore, it distributes siding, electrical, and plumbing products to factory-built housing and recreational vehicle customers. The segment is also involved in the manufacture of components for concrete formation in structures like parking garages, stadiums, and bridges, along with the provision of farming services for builders. Additionally, it engages in producing interior fixtures, millwork, casework for retail, commercial, and other structures, and it provides structural wood packaging, packing materials, and OEM components for various industries.