M&A Deal Summary

UFP Industries Acquires Cedar Poly

On May 9, 2022, UFP Industries acquired plastics company Cedar Poly for 17M USD

Acquisition Highlights
  • This is UFP Industries’ 2nd transaction in the Plastics sector.
  • This is UFP Industries’ 3rd largest (disclosed) transaction.
  • This is UFP Industries’ 32nd transaction in the United States.
  • This is UFP Industries’ 1st transaction in Iowa.

M&A Deal Summary
Date 2022-05-09
Target Cedar Poly
Sector Plastics
Buyer(s) UFP Industries
Deal Type Add-on Acquisition
Deal Value 17M USD

Target

Cedar Poly

Tipton, Iowa, United States
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. Cedar Poly was founded in 2007 and is based in Tipton, Iowa.

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Buyer(S) 1

Buyer

UFP Industries

Grand Rapids, Michigan, United States
Category Company
Founded 1955
Sector Forest Products
Employees15,800
Revenue 7.2B USD (2023)
DESCRIPTION
Universal Forest Products' corporate headquarters in Grand Rapids, Michigan.
Universal Forest Products' corporate headquarters in Grand Rapids, Michigan.

UFP Industries designs, manufactures, and markets wood and wood-alternative products for national home centers and other retailers, structural lumber and other products for the manufactured housing industry, engineered wood components for residential and commercial construction, specialty wood packaging, components and packing materials for various industries, and customized interior fixtures used in a variety of retail stores, commercial and other structures. UFP Industries was founded in 1955 and is based in Grand Rapids, Michigan.

DEAL STATS #
Overall 34 of 34
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 30 of 30
State (Iowa) 1 of 1
Country (United States) 32 of 32
Year (2022) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-27 Ultra

Howell, Michigan, United States

Ultra is a manufacturer of ornamental aluminum fencing, pool fences, custom gates, and accessories. Ultra was founded in 1996 and is based in Howell, Michigan.

Buy $25M
Mergr

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