Mergers & AcquisitionsUpdated×3•Originally published 28 April 2026•Updated 29 April 2026•

1 min read

UFP Industries Acquires Berry Pallets Assets for $20 Million to Boost Industrial Capacity

Key Facts

1UFP Industries announced the acquisition of operating assets and real estate of Berry Pallets for approximately $20 million.

UFP Industries, traded on NASDAQ under the ticker UFPI, has finalized the acquisition of the operating assets of Berry Pallets in Waseca, Minnesota, for $20 million. This strategic move expands the geographic footprint of UFP Packaging into the Upper Midwest region and is expected to contribute approximately $23 million in annual sales. The transaction aligns with UFPI's strategy to invest in core, higher-margin businesses to enhance service capacity for its national customer base. By integrating the Waseca-based assets and adding 75 employees, the company aims to bolster its pallet manufacturing network and strengthen its industrial packaging market share. Analysts view the expansion as a key step to improve operational efficiency and reach new regional markets. This acquisition underscores UFPI's commitment to pursuing bolt-on deals that diversify its physical asset portfolio and drive sustainable growth.

6 months ago

Version History

Version 36 months ago

What changed: Added the specific city location for Berry Pallets (Waseca, Minnesota) and confirmed the official NASDAQ ticker symbol UFPI.

Version 26 months ago

What changed: Added details regarding the geographic expansion into the Upper Midwest and clarified the strategic focus on higher-margin business segments.

Version 16 months ago

What changed: Added specific financial contribution ($23M in annual sales), headcount increase (75 employees), the specific subsidiary involved (UFP Packaging), and the exact location in Waseca, Minnesota.