Wood Industry Growth: UFP Industries Acquires C&L Wood Products
UFP Industries (Nasdaq: UFPI), a global leader in manufacturing and distributing value-added products for construction, packaging, and industrial applications, has announced the acquisition of C&L Wood Products, Inc. (C&L). This strategic move, executed through its affiliate UFP Packaging, LLC, underscores UFP Industries’ commitment to expanding its footprint in the packaging solutions sector. C&L, a Hartselle, Alabama-based manufacturer of pallets and mulch, reported trailing 12-month sales of $24.8 million through November 2024.
Operating as part of UFP Packaging’s PalletOne business unit, C&L will now contribute to the growth and innovation of one of the leading manufacturers of machine-built pallets in the United States. This acquisition aligns with UFP Packaging’s strategy to bolster its operational reach and capabilities, particularly in the high-demand Northern Alabama region.
Enhancing Geographic Reach and Operational Synergy
“The addition of C&L expands PalletOne’s geographic footprint, giving us new access to high-volume pallet production in northern Alabama,” said Justin Elwell, executive vice president of PalletOne. “In addition, we see opportunities to expand C&L’s operations to serve a wider range of customers with our elite PalletOne products.”
The acquisition of C&L strengthens PalletOne’s position in the industry by integrating C&L’s established customer base and production capabilities into UFP’s expansive network. The move is expected to enhance customer satisfaction through innovation, improved service delivery, and an expanded range of product offerings.
A Legacy of Growth and Excellence
Founded in 1975, C&L has a storied history of growth and innovation. In 1996, Henry and Blythe Bowman acquired the company, which then employed just 10 people and generated less than $1 million in revenue. Under Henry Bowman’s leadership, C&L grew exponentially, investing in machinery, facilities, and talent. Today, the company boasts a workforce of approximately 115 employees and serves customers within a 150-mile radius of its operations in Hartselle.
Henry Bowman, President of C&L, expressed enthusiasm about the acquisition:
“We’re excited to join the leading packaging solution provider in the U.S. Both companies in this deal have great teams, and we are looking forward to bringing them together to create more wins through innovation and growth for our customers, our company, and our employees.”
This partnership represents a fusion of two entities with shared values of innovation, customer-centricity, and operational excellence.
Leadership Continuity and Future Growth
To ensure a seamless transition and maintain operational continuity, C&L’s leadership team, including President Henry Bowman and Operations Manager Frank Janek, will remain with the company. Their expertise and deep understanding of the business will be invaluable as C&L integrates into the PalletOne business unit.
The acquisition opens new avenues for growth, including scaling C&L’s operations to cater to a broader customer base and tapping into UFP Packaging’s robust resources and expertise.
A Strategic Step in UFP Industries’ Growth Journey
This acquisition marks another milestone in what has been a dynamic year for UFP Industries. By strategically expanding its operations and portfolio, UFP continues to solidify its standing as a leader in the packaging, construction, and industrial sectors.
UFP Industries is no stranger to growth and innovation. Founded in 1955 and headquartered in Grand Rapids, Michigan, the company operates through three primary business units: UFP Packaging, UFP Construction, and UFP Retail Solutions. These units manufacture and distribute a wide variety of value-added products for residential and commercial construction, packaging, and other industrial applications worldwide. With affiliates in North America, Europe, Asia, and Australia, UFP Industries’ reach extends far beyond the United States. The company’s position as #493 on the Fortune 500 and #128 on Industry Week’s list of America’s Largest Manufacturers underscores its industry leadership.
About UFP Industries, Inc.
UFP Industries, Inc. is a diversified holding Wood company with a global presence. Operating through its subsidiaries—UFP Packaging, UFP Construction, and UFP Retail Solutions—it serves Wood a wide range of industries, including residential and commercial construction, packaging, and industrial applications. The company’s commitment to innovation, sustainability, and operational excellence Wood has made it a trusted partner for customers worldwide.
This acquisition not only marks a significant milestone for UFP Industries but also sets the stage for continued Wood success and growth in the coming years. By leveraging its strong foundation and forward-thinking approach, UFP is well-positioned to navigate the evolving market landscape and deliver value to its customers and stakeholders.
