Common Forest Merchandise, Inc. (NASDAQ:UFPI) – UFP Industries Acquires Extremely Aluminum Manufacturing For $25M

  • UFP Industries Inc (NASDAQ: UFPI) subsidiary, Deckorators, Inc., has acquired Extremely Aluminum Manufacturing Inc., a producer of aluminum fencing, gates, and railing, for $25 million.
  • The transaction contains $2 million to be paid if particular future efficiency objectives are met.
  • Extremely designs and produces decorative aluminum fence and railing merchandise for contractors, landscapers, fence sellers, and wholesalers. The corporate had trailing 12-month gross sales by November 2021 of ~$46 million.
  • The transaction provides aluminum fencing to UFP Industries’ present vinyl and wooden fencing lineup.
  • Extremely President Russ Springborn and VP of Enterprise Improvement Dave Stewart will proceed in management roles.
  • UFP Industries held money and money equivalents of $156.23 million as of September 2021.
  • Value Motion: UFPI closed increased by 2.54{b02bdf04de3f9bc06c998e855c65941e7d8f5cd012e86469a83340818e6b6d52} at $89.96 on Monday.

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