M&A Deal Summary

UFP Industries Acquires Walnut Hollow

On March 29, 2021, UFP Industries acquired forest products company Walnut Hollow

Acquisition Highlights
  • This is UFP Industries’ 17th transaction in the Forest Products sector.
  • This is UFP Industries’ 27th transaction in the United States.
  • This is UFP Industries’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2021-03-29
Target Walnut Hollow
Sector Forest Products
Buyer(s) UFP Industries
Deal Type Add-on Acquisition

Target

Walnut Hollow

Dodgeville, Wisconsin, United States
Walnut Hollow produces a variety of finely finished wood surfaces used in the hobby, craft, and woodworking projects, as well as in taxidermy. Walnut Hollow was founded in 1972 and is based in Dodgeville, Wisconsin.

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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 29 of 34
Sector (Forest Products) 17 of 17
Type (Add-on Acquisition) 25 of 30
State (Wisconsin) 1 of 1
Country (United States) 27 of 32
Year (2021) 1 of 5
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 Endurable Building Products

Brooklyn Center, Minnesota, United States

Endurable Building Products is a manufacturer of customized structural aluminum systems and products for exterior purposes, such as deck framing, balconies, sunshades, railings, and stairs. Endurable Building Products is based in Brooklyn Center, Minnesota.

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