UFP Packaging acquires Titan Corrugated, adding corrugated conversion capabilities

UFP INDUSTRIES INC

Combined TTM sales of Titan and All Boxed Up through October 2022 were ~$46.5M.
Titan manufactures corrugated boxes, jumbo boxes, shipping containers, and point-of-purchase displays.
Founder Jon Reneau and leadership team will remain with the company.
Adds highly automated facility in Flower Mound, Texas; UFP plans to replicate model in target markets.
No purchase price disclosed; transaction closed December 6, 2022.

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