Another acquisition for UFPI
Just days after buying an interest in a Texas sawmill operator, Universal Forest Products has made another acquisition, this one in North Carolina.
UFPI announced that one of its subsidiaries has purchased assets of High Level Components, a building component manufacturer based in Locust, N.C. The deal closed March 31.
"As we have assessed opportunities for growth and a stable business climate, the greater Charlotte market has been an attractive target, and the capabilities, assets and opportunities presented by High Level Components provide a strong fit for our needs and objectives," said Universal Forest Products CEO Matthew J. Missad.
High Level will join Universal's UFPI Mid-Atlantic subsidiary, which operates in South Carolina, Virginia, Georgia and North Carolina. High Level Components Plant Manager Corey Misenheimer will lead the new company as general manager of operations.