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Companies in the timber industry / Daily News / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
June 29, 2022

UFP Industries to acquire 50% stake in Dempsey Wood Products, LLC

UFP Industries to acquire 50% stake in Dempsey Wood Products, LLC
UFP Industries (UFPI) announced that its affiliate, PalletOne, Inc., has acquired a 50% equity stake in Dempsey Wood Products, LLC. The purchase agreement includes options for PalletOne to purchase the remaining 50% of Dempsey after three years.    Founded in 1988 by Ronald Dempsey, Dempsey Wood Products produces kiln-dried lumber, pallet lumber, and other industrial wood products from a single location in Orangeburg, South Carolina. Dempsey had 2021 sales of $68.9 million, and its management team, including Ronald Dempsey and his son, Parker Dempsey, will continue in management roles.    The industrial ...

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