![UFPI affiliate purchases interest in Upshur Forest Products, LLC]()
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Universal Forest Products, Inc. (NASDAQ: UFPI) today announced that one of its subsidiaries has purchased a 50 percent ownership interest in Upshur Forest Products, LLC, which owns sawmill operations in Gilmer, Texas. The transaction closed March 27, 2014. The acquisition is intended to help grow Universal’s industrial business in East Texas and western Louisiana, supplying raw material to nearby Universal affiliates as well as to new industrial operations
Reported by Business Wire 36 minutes ago.