UFP Industries Expands PalletOne's northeast Footprint Through Acquisition of John Rock, Inc.

UFP Industries (NASDAQ: UFPI) acquired the operating assets of John Rock, Inc. for approximately $48 million, buying three of four sites (Coatesville, Mifflintown and Bowling Green).

Rhea-AI Summary

UFP Industries (NASDAQ: UFPI) acquired the operating assets of John Rock, Inc. for approximately $48 million, buying three of four sites (Coatesville, Mifflintown and Bowling Green). The deal adds about $82 million in annual sales and brings nearly 250 employees into PalletOne, expanding northeast coverage.

The acquisition preserves immediate manufacturing continuity, integrates operations into PalletOne's network, and aims to leverage procurement and operational capabilities to serve national customers while maintaining local customer relationships.

Positive

• $82M annual sales added
• Adds ~250 employees to PalletOne
• Expands PalletOne footprint in the northeast
• Acquires 3 operating locations for immediate continuity
• $48M purchase price for operating assets

Negative

• Sawmill at Dilwyn, Va. remains with seller limiting vertical scope
• Integration may incur execution and cost risks during consolidation

Argus May 4 session

-5.72% close to close Open Argus

Details

News Market Reaction – UFPI

On May 4, the day this news came out, UFPI closed 5.72% below the previous close.

Data tracked by StockTitan Argus for the May 4 session.

Market Context

On May 4, the day this news came out, the stock closed 5.7% below the previous close. A negative rea...

Analysis

On May 4, the day this news came out, the stock closed 5.7% below the previous close. A negative reaction despite the accretive profile of added $82 million in sales would fit a pattern of generally modest responses to UFPI’s M&A, where the average move around prior acquisitions was about -0.31%. A sharper selloff could reflect broader concerns about cyclical demand or integration risk rather than this transaction alone, and past history shows acquisition news has not always been a clear upside catalyst.

Key Figures

Purchase price: $48 million Added annual sales: $82 million Employees added: 250 employees +2 more

Purchase price

$48 million

Acquisition of John Rock operating assets

Added annual sales

$82 million

Sales contributed by acquired John Rock locations

Employees added

250 employees

Staff joining UFP from John Rock acquisition

Locations acquired

3 locations

Coatesville & Mifflintown, PA; Bowling Green, VA

Locations retained by seller

1 sawmill

Dilwyn, VA sawmill remains with seller

Previous Acquisition Reports

5 past events · Latest: Apr 29

Same Type 5 events

1. Apr 29

   Pallet acquisition

   24h Move

   -2.9%

   Acquisition of Berry Pallets to expand Upper Midwest pallet footprint.

2. Apr 28

   Pallet acquisition

   24h Move

   -0.3%

   Agreement to buy Berry Pallets assets for $20M, adding $23M sales.

3. Apr 06

   Outdoor assets deal

   24h Move

   +0.3%

   Deckorators acquisition of MoistureShield assets to expand WPC capacity.

4. Mar 31

   Facility expansion

   24h Move

   +0.7%

   Acquisition of site for first Northeast Deckorators facility and capacity expansion.

5. Jan 06

   Pallet acquisition

   24h Move

   +0.6%

   Purchase of C&L Wood Products to extend PalletOne’s footprint.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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GRAND RAPIDS, Mich., May 4, 2026 /PRNewswire/ -- UFP Industries (NASDAQ: UFPI) today announced the acquisition of the operating assets of John Rock, Inc., a new pallet manufacturer headquartered in Coatesville, Pa., for approximately $48 million. The transaction fills a key gap in PalletOne, Inc.'s geographic reach and strengthens UFP Packaging's ability to serve national customers with a presence in the northeast region.

John Rock, a subsidiary of Kamps Pallets, designs and manufactures new pallets across Pennsylvania and Virginia. UFP Industries is purchasing three of the four operating locations: Coatesville, Pa., Mifflintown, Pa. and Bowling Green, Va. The remaining sawmill at Dilwyn, Va. will remain with the seller. The acquisition of the three locations adds approximately $82 million in annual sales and brings nearly 250 employees into the UFP family.

This acquisition strengthens a core business for UFP Industries and expands PalletOne's scale in a strategically important geography. The transaction includes all key operating assets of John Rock, allowing for immediate manufacturing and service continuity while providing a strong platform for operational improvement and long‑term growth.

"This acquisition is fundamentally about strengthening our core packaging business and expanding our footprint in a region where we see long‑term opportunity," said Will Schwartz, Chief Executive Officer of UFP Industries. "John Rock has built a well‑established pallet manufacturing operation with strong customer relationships and experienced teams. Bringing this business into PalletOne enhances our ability to serve customers across the northeast and positions us to unlock value through operational synergies and scale."

The acquired operations will be integrated into PalletOne's existing manufacturing network, creating opportunities to improve efficiency, enhance service levels, leverage UFP's procurement and operational capabilities, and growth with national customers — while maintaining the local expertise and customer focus that has defined John Rock's success.

"John Rock is a well‑known name in the northeast pallet market, with a strong team and a diverse customer base," said Scott Worthington, President, UFP Packaging. "We are excited to welcome their employees to PalletOne and look forward to building on the foundation they have established as we integrate the business into our network."

The acquisition underscores UFP Industries' continued focus on investing in its core businesses, expanding manufacturing capacity in key markets, enhancing its ability to serve national customers, and strengthening the competitive position of its operating companies across packaging and industrial markets.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ufp-industries-expands-palletones-northeast-footprint-through-acquisition-of-john-rock-inc-302761483.html

SOURCE UFP Industries, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did UFP Industries (UFPI) announce on May 4, 2026 regarding John Rock acquisition?

UFP Industries announced it bought John Rock's operating assets for about $48 million. According to the company, the purchase includes three operating sites and adds roughly $82 million in annual sales and nearly 250 employees to PalletOne.

Which John Rock locations did UFPI acquire and which location was excluded?

UFP acquired Coatesville PA, Mifflintown PA, and Bowling Green VA operating sites. According to the company, the Dilwyn VA sawmill was excluded and remains with the seller, leaving three operating locations integrated into PalletOne's network.

How will the John Rock acquisition affect PalletOne's geographic reach for UFPI?

The acquisition expands PalletOne's northeast footprint to better serve national customers. According to the company, adding these sites creates a stronger platform in the region and aims to improve service levels and procurement scale for national accounts.

What financial scale does the John Rock deal add to UFPI's business?

The transaction adds approximately $82 million in annual sales for PalletOne. According to the company, this comes from three acquired operating locations purchased for about $48 million, bringing near-term revenue scale to UFPI's packaging segment.

How many employees join UFP Industries through the John Rock acquisition?

Nearly 250 employees will join UFP Industries as part of the transaction. According to the company, those employees come from the three acquired operating locations and will be integrated into PalletOne's existing manufacturing network.