UFP Industries (NASDAQ: UFPI) expands northeast pallets with $48M John Rock deal
Rhea-AI Filing Summary
UFP Industries is acquiring the operating assets of John Rock, Inc., a new pallet manufacturer, for approximately $48 million. The deal covers three locations in Pennsylvania and Virginia, adds about $82 million in annual sales, and brings nearly 250 employees into UFP’s PalletOne network. It expands PalletOne’s footprint in the northeast and is intended to strengthen UFP’s core packaging business and service to national customers in that region.
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Insights
UFP adds regional scale with a $48M pallet acquisition.
UFP Industries is buying the operating assets of John Rock, Inc. for about $48 million, adding roughly $82 million in annual pallet sales and three operating sites in Pennsylvania and Virginia. Nearly 250 employees will join the PalletOne platform.
The acquired plants will be integrated into PalletOne’s existing network, which management says should enhance coverage for national customers in the northeast and support operational synergies. The seller keeps one sawmill location, so wood supply integration will remain partially external.
The company highlights continuity of manufacturing and service as well as a focus on long‑term growth in its core packaging segment. Future disclosures in company filings may provide more detail on margin impact, integration costs, and the acquisition’s contribution to segment earnings.
8-K Event Classification
Key Figures
Key Terms
operating assets financial
geographic reach financial
operational improvement financial
operational synergies financial
core packaging business financial
UNITED STATES
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CURRENT REPORT
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Item 7.01 Regulation FD Disclosure.
On May 4, 2026, UFP Industries, Inc. issued a press release announcing the acquisition of the operating assets of John Rock, Inc., a new pallet manufacturer headquartered in Coatesville, Pennsylvania. The press release is attached to this Current Report as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Exhibits.
EXHIBIT INDEX
Exhibit Number | | Document | |
99.1 | Press Release of UFP Industries, Inc. dated May 4, 2026. | ||
104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). | ||
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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EXHIBIT 99.1
| PRESS RELEASE
UFP Industries Expands PalletOne’s northeast Footprint Through Acquisition of John Rock, Inc.
Grand Rapids, Mich. — 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.
Investor Relations Contact:
Stanley Elliott, Director of Investor Relations
Stanley.Elliott@ufpi.com
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