UFP Industries Expands in Indiana With New Corrugated Facility

Core Insights - UFP Industries, Inc. (UFPI) has expanded its manufacturing capabilities by opening a new 165,000-square-foot corrugated facility in Jeffersonville, IN, aimed at enhancing its offerings for retail and e-commerce markets [1] - The company plans to continue advancements at the Jeffersonville facility through 2025, with new corrugated capabilities set to launch [2][3] - UFPI employs both organic and inorganic growth strategies, including acquisitions, to achieve its financial goals of 7-10% annual unit sales growth [4] Expansion and New Capabilities - The new facility features advanced graphics and production systems, positioning UFP Packaging to deliver high-quality corrugated solutions [1] - Upcoming capabilities in 2025 include dual-sided printing, high-speed machines, large-format box handling, and automated box separation [3] Acquisition Strategy - In January 2024, UFPI acquired C&L Wood Products for $29.8 million, enhancing its geographic footprint in the wood pallet market [5] - The company aims to introduce new products that can generate at least $1 million in annual sales within four years of launch [6] Market Performance - UFPI's shares have decreased by 21.9% over the past three months, compared to a 6.7% decline in the Zacks Building Products - Wood industry [7] - The company is focused on exploring intellectual property and technology acquisitions to accelerate product commercialization [7] Zacks Rank and Comparisons - UFPI currently holds a Zacks Rank of 3 (Hold), while other companies in the construction sector, such as Sterling Infrastructure, Inc. and EMCOR Group, Inc., have higher rankings [9]