M&A Deal Summary

UFP Industries Acquires Fire Retardant Chemical Technologies

On December 3, 2020, UFP Industries acquired safety/security company Fire Retardant Chemical Technologies

Acquisition Highlights
  • This is UFP Industries’ 1st transaction in the Safety/Security sector.
  • This is UFP Industries’ 25th transaction in the United States.
  • This is UFP Industries’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-12-03
Target Fire Retardant Chemical Technologies
Sector Safety/Security
Buyer(s) UFP Industries
Deal Type Add-on Acquisition
Advisor(s) Ravinia Capital LLC (Financial)

Target

Fire Retardant Chemical Technologies

Matthews, North Carolina, United States
Fire Retardant Chemical Technologies is a highly innovative chemical research and development firm that recently developed multiple breakthrough technologies and products having the potential to revolutionize the industry but require the resources of a larger enterprise in order to realize their full potential and market impact. Fire Retardant Chemical Technologies is based in Matthews, North Carolina.

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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 27 of 34
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 23 of 30
State (North Carolina) 1 of 1
Country (United States) 25 of 32
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 Quest Design & Fabrication

Stafford, Texas, United States

Quest Design & Fabrication LLC specializes in designing, fabricating and installing premium millwork and case goods for a variety of commercial uses, including builder’s sales centers, design studios, hospitality, corporate offices, and healthcare. Quest Design & Fabrication is based in Stafford, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 PalletOne

Bartow, Florida, United States

Organized in 2001, PalletOne operates 17 locations in nine states that manufacture new pallets, provide pallet repair programs, recycle used pallets, and produce a variety of other wood products. With headquarters in Bartow, Florida, PalletOne’s operations also include Sunbelt Forest Products Corporation, one of the largest producers of pressure-treated lumber and residential fencing in the Southeast, and SunOne Logistics, a Southeast regional truckload carrier. Through its combined operations, PalletOne employs more than 1,500 people across 22 locations.

Buy $232M
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