Brief: Ufp Industries Announces Agreement To Acquire Palletone, Further Expanding Industrial Packaging Capabilities In The U.S.

UFP Industries

10/12/2020 21:45

Ufp Industries Inc  UFPI.O :
    * UFP INDUSTRIES ANNOUNCES AGREEMENT TO ACQUIRE PALLETONE,
FURTHER
EXPANDING INDUSTRIAL PACKAGING CAPABILITIES IN THE U.S.
    * UFP INDUSTRIES INC - UFP INDUSTRIAL, LLC, TO PURCHASE 100
PERCENT OF EQUITY OF PALLETONE, INC. FOR APPROXIMATELY $232
MILLION
    * UFP INDUSTRIES INC - PURCHASE PRICE WILL BE FUNDED USING
COMPANY'S CASH RESERVES, WHICH CURRENTLY TOTAL MORE THAN $400
MILLION.

Source text for Eikon:  ID:nGNX4sV8MV 
Further company coverage:  UFPI.O