UFP Industries' board of directors has approved the purchase of 100 percent of wooden pallet and other packaging manufacturer PalletOne for $232 million. UFP will also offset $18 million of PalletOne's recent capital expenditures. The transaction is expected to close on December 28, 2020.
UFP Industries' board of directors has approved the purchase of 100 percent of wooden pallet and other packaging manufacturer PalletOne for $232 million. UFP will also offset $18 million of PalletOne's recent capital expenditures. The transaction is expected to close on December 28, 2020. 
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