UFP Industries acquires Cedar Poly LLC, adding plastic recycling to its retail operations
UFP Industries, Inc. (UFPI)
Last ufp industries, inc. earnings: 4/22 04:41 pm
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Source: GlobeNewswire
GRAND RAPIDS, Mich., May 09, 2022 (GLOBE NEWSWIRE) -- UFP Industries (Nasdaq: UFPI) today announced that its affiliate, Deckorators, Inc., acquired Cedar Poly LLC, for $17 million. The purchase price includes incentive payments of up to $1.5 million over three years if Cedar Poly meets certain performance goals. Founded in 2007 and based in Tipton, Iowa, Cedar Poly is a full-service recycler of high-density and low-density polyethylene (HDPE and LDPE) flakes and pellets used in various products, including composite decking. The company also recycles corrugate and operates its own transportation fleet. Cedar Poly had 2021 sales of approximately $17.3 million and will operate in UFP’s Deckorators business unit. The company’s management team, including vice presidents Scott and Jeremy Rogers, will continue in management roles. “Cedar Poly allows us to vertically integrate our sourcing of recycled polymers and increase our use of post-industrial waste materials in our industry-leading
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UFPI
News
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- Calculating The Fair Value Of UFP Industries, Inc. (NASDAQ:UFPI) [Yahoo! Finance]Yahoo! Finance
- What Does UFP Industries, Inc.'s (NASDAQ:UFPI) Share Price Indicate? [Yahoo! Finance]Yahoo! Finance
- UFP Industries, Inc. (NASDAQ: UFPI) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- UFP Industries (UFPI) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
UFPI
Earnings
- 2/20/24 - Miss
UFPI
Sec Filings
- 4/25/24 - Form 8-K
- 4/2/24 - Form DEFA14A
- 3/29/24 - Form 4
- UFPI's page on the SEC website