Yesterday afternoon, the company stated: “Deckorators, a division of UFP Industries (UFPI), announced it has acquired the remaining operating assets for MoistureShield decking, a respected brand in the decking and outdoor living market. The acquisition represents a strategic step forward for Deckorators as it continues to expand its wood plastic composite manufacturing capabilities, strengthen its product portfolio, and accelerate innovation in the rapidly growing outdoor living category. The newly acquired Arkansas facility brings strong expertise in traditional composite decking, complementing Deckorators’ industry-leading Surestone(R) technology and design leadership. Together, the combined organization will be well positioned to deliver expanded product offerings and enhanced value to dealers, contractors, distributors, and homeowners.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UFPI:
- UFP Industries Boosts Deckorators Capacity With MoistureShield Deal
- UFP Industries price target lowered to $110 from $112 at DA Davidson
- UFP Industries Earnings Call: Cash Rich, Housing Hit
- UFP Industries management to meet with DA Davidson
- UFP Industries price target raised to $100 from $98 at Stifel
