Universal Forest Products announced that one of its subsidiaries has closed on the purchase of the operating assets of North American Container Corp. (NACC), a Marietta, Ga.-based manufacturer of structural packaging products. The previously announced acquisition expands Universal’s capabilities and market opportunities by adding steel, corrugated and hardwood packaging to its growing portfolio of industrial products.
NACC has nine manufacturing facilities in Georgia, South Carolina, Tennessee and Wisconsin. Founded in 1967, it had sales of approximately $71 million in 2017. NACC offers several proprietary packaging designs and holds a number of patents. The acquisition enhances Universal’s capacity and allows the company to expand into geographic areas identified as opportunities for growth, including South Carolina and Tennessee.
“We are pleased not only to be adding the capabilities and business of NACC, but also the great people who have built its success,” said Universal CEO Matthew J. Missad. “With NACC as part of the Universal family of companies, we have created a robust, industry-leading offering of structural packaging products.”
Universal also noted that it has climbed to number 610 on the Fortune 1000, the publication’s list of the largest companies in the United States based on annual revenue.