Universal Forest Products, Inc. (UFPI) announced that one of its subsidiaries has signed an agreement to purchase substantially all of the operating assets of North American Container Corp. (NACC). The purchase is scheduled to close by June 1, 2018.
This acquisition will allow Universal to enhance capacity and expand into geographic areas identified as opportunities for growth, including South Carolina and Tennessee; offer existing and targeted customers additional solutions for packaging and crating needs; enhance manufacturing through automation; and offer customers the opportunity to purchase corrugated, steel and lumber packaging from a single supplier, among other benefits.
Founded in 1967, NACC has nine manufacturing facilities in Georgia, South Carolina, Tennessee and Wisconsin. It had sales of approximately $71 million in 2017.