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Stock impact report

UFP Industries Acquires 30-Acre Site, Announces First Northeast Region Deckorators® Facility to Open by Year-End

UFP Industries, Inc. (UFPI) 
Last ufp industries, inc. earnings: 4/22 04:41 pm Check Earnings Report
US:NASDAQ Investor Relations: ufpinvestor.com
Company Research Source: Business Wire
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--UFP Industries, Inc. (Nasdaq: UFPI) today announced its Deckorators® brand continues to expand market presence with the acquisition of a 30-acre site in Lackawanna, a suburb of Buffalo, New York.The site will be transformed into a new, state-of-the-art facility that will double production capacity for Deckorators'® industry-leading Surestone® composite-decking product. The $77 million investment includes a 30-acre campus with approximately 240,000 square feet of manufacturing and warehousing space and is part of a $250 million plan over the next five years to grow and expand the Deckorators® product line. Deckorators’ Surestone technology decking stands apart from its peers that rely on traditional wood plastic composite (WPC), resulting in market expansion to 1,500 retail locations. The versatile technology also opens the door to new product innovations.“Expanding into this region grows Deckorators’ market reach and helps us meet the aggressi Show less Read more
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