UFP Industries Inc UFPI

NAS: UFPI | ISIN: US9135431040   19/04/2024
111,79 USD (+1,03%)
(+1,03%)   19/04/2024

UFP Packaging Expands PalletOne Nationally

It becomes the first coast-to-coast premier pallet supplier

BARTOW, Fla., March 28, 2023 /PRNewswire/ -- UFP Packaging today announced that its PalletOne business unit has completed an expansion into UFP operations nationwide, making PalletOne the first wholly owned coast-to-coast pallet supplier in the United States.

PalletOne automated manufacturing lines now are in more than 70 UFP Packaging facilities with an opportunity to add 20 more locations.

"We are implementing the growth plan for PalletOne, which is integral to our goal of being a leading packaging solution provider globally," said UFP Packaging President Scott Worthington. "This is an exciting time for our organization and for PalletOne, specifically."

"Our expansion allows us to progress toward providing nationwide pallet solutions supplied by UFP company owned facilities, " said PalletOne President Howe Q. Wallace. "This will allow us to better serve our customers and maintain our position as a leader in the industry."

Since its founding in 2001, PalletOne has been a leader in pallet manufacturing, offering a range of services, including custom pallet design, unit load consultation, heat treating and pallet recycling and repair programs to ensure maximum safety and effectiveness. UFP Packaging purchased PalletOne in 2020 and has since continued leveraging its pallet supply expertise to provide top-tier products and services to all its customers. This expansion will bring that same service to the entire country.

"Backed by the resources of UFP, our unmatched geographic breadth and extensive resources will allow us to adapt quickly to supply chain disruption and efficiently meet the growing demand of our multi-site customers," Wallace said.

PalletOne, Inc.

A UFP Packaging company, PalletOne is the nation's largest, single-source pallet manufacturer. Headquartered in Bartow, Fla., the company manufactures pallets, provides pallet repair programs, recycles used pallets, and produces a variety of other wood products. The company also offers customized services, including Pallet Concierge™, wood packaging design, engineering and testing, and is an industry leader in robotic and automated pallet manufacturing processes. https://www.palletone.com/

UFP Packaging

A part of the UFP Industries, Inc., family of companies, UFP Packaging provides full-service, customized packaging solutions and related services to a wide range of industries. With facilities across the globe, it serves regional, national and global customers with everything from wood pallets to corrugated, and from labels to custom skids. www.ufppackaging.com

UFP Industries, Inc.

UFP Industries is a holding company whose subsidiaries supply wood, wood composite and other products to three robust markets: retail, construction and industrial. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates throughout North America, Europe, Asia, and Australia. It has been a publicly traded company since 1993 (Nasdaq: UFPI). www.ufpi.com

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SOURCE PalletOne, Inc.

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