UFP Industries acquires remaining interests in two Mexican packaging affiliates; combines as UFP Palets y Embalajes

UFP INDUSTRIES INC

Subsidiary UFP Global Holdings Ltd. buys remaining interests in NORPAL and TIBASA in Mexico.
Combined entity renamed UFP Palets y Embalajes S. de R.L. de C.V., operating in Monterrey, Durango, Guanajuato.
Business to be managed by veteran employee Rees Watson; TIBASA founder Hector Labrada as national sales director.
Pinelli Universal, another Mexican affiliate supplying US retail building materials, is not part of this transaction.
No purchase price disclosed; deal enhances UFP's packaging presence for multinational customers in Mexico.

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