UFP Industries acquires C&L Wood Products, Inc.
UFP Industries (UFPI) has announced that its affiliate, UFP Packaging, has acquired C&L Wood Products, a pallet and mulch manufacturer based in Hartselle, Alabama. C&L, with trailing 12-month sales of $24.8 million through November 2024, will operate under UFP Packaging's PalletOne business unit, a leading U.S. manufacturer of machine-built pallets.
Founded in 1975 and acquired by Henry and Blythe Bowman in 1996, C&L has grown from 10 employees and less than $1 million in revenue to approximately 115 employees serving customers within a 150-mile radius. The acquisition expands PalletOne's geographic footprint into northern Alabama and central Tennessee. C&L's current leadership team, including President Henry Bowman and Operations Manager Frank Janek, will remain with the company.
UFP Industries (UFPI) ha annunciato che la sua affiliata, UFP Packaging, ha acquisito C&L Wood Products, un produttore di pallet e mulch con sede a Hartselle, Alabama. C&L, con vendite degli ultimi 12 mesi di 24,8 milioni di dollari fino a novembre 2024, opererà sotto l'unità commerciale PalletOne di UFP Packaging, un leader negli Stati Uniti nella produzione di pallet costruiti con macchine.
Fondata nel 1975 e acquisita da Henry e Blythe Bowman nel 1996, C&L è cresciuta da 10 dipendenti e meno di 1 milione di dollari di fatturato a circa 115 dipendenti che servono clienti in un raggio di 150 miglia. L'acquisizione espande la presenza geografica di PalletOne nel nord Alabama e nel Tennessee centrale. Il team di leadership attuale di C&L, compresi il presidente Henry Bowman e il responsabile delle operazioni Frank Janek, rimarrà con l'azienda.
UFP Industries (UFPI) ha anunciado que su afiliada, UFP Packaging, ha adquirido C&L Wood Products, un fabricante de pallets y mulch con sede en Hartselle, Alabama. C&L, con ventas en los últimos 12 meses de 24.8 millones de dólares hasta noviembre de 2024, operará bajo la unidad de negocios PalletOne de UFP Packaging, un fabricante líder de pallets construidos por máquina en EE.UU.
Fundada en 1975 y adquirida por Henry y Blythe Bowman en 1996, C&L ha crecido de 10 empleados y menos de 1 millón de dólares en ingresos a aproximadamente 115 empleados que sirven a clientes dentro de un radio de 150 millas. La adquisición expande la huella geográfica de PalletOne al norte de Alabama y al centro de Tennessee. El actual equipo de liderazgo de C&L, que incluye al presidente Henry Bowman y al gerente de operaciones Frank Janek, permanecerá en la empresa.
UFP 산업 (UFPI)는 그 자회사인 UFP 포장부서가 앨라배마 주 하르츠엘에 본사를 둔 팔레트 및 멀치 제조업체인 C&L 우드 프로덕트를 인수했다고 발표했습니다. C&L은 2024년 11월까지 지난 12개월 동안 2480만 달러의 매출을 기록했으며, UFP 포장부서의 PalletOne 사업 부서 아래에서 운영될 예정입니다. PalletOne은 기계로 제작된 팔레트를 선도하는 미국 제조업체입니다.
1975년에 설립되어 1996년에 헨리와 블라이스 보먼에 의해 인수된 C&L은 10명의 직원과 100만 달러 미만의 수익에서 약 115명의 직원으로 성장하여 150마일 반경 내 고객에게 서비스를 제공하고 있습니다. 이번 인수로 PalletOne의 지리적 발자국이 북부 앨라배마와 중부 테네시로 확장됩니다. 현재의 C&L 리더십 팀인 헨리 보먼 사장과 프랭크 야넥 운영 관리자는 회사를 계속 유지할 것입니다.
UFP Industries (UFPI) a annoncé que sa filiale, UFP Packaging, a acquis C&L Wood Products, un fabricant de palettes et de mulch basé à Hartselle, Alabama. C&L, avec un chiffre d'affaires au cours des 12 derniers mois de 24,8 millions de dollars jusqu'en novembre 2024, opérera au sein de l'unité commerciale PalletOne de UFP Packaging, un leader américain dans la fabrication de palettes construites par machine.
Fondée en 1975 et acquise par Henry et Blythe Bowman en 1996, C&L est passée de 10 employés et de moins d'un million de dollars de chiffre d'affaires à environ 115 employés servant des clients dans un rayon de 150 miles. L'acquisition élargit l'empreinte géographique de PalletOne dans le nord de l'Alabama et le centre du Tennessee. L'équipe de direction actuelle de C&L, y compris le président Henry Bowman et le directeur des opérations Frank Janek, restera avec l'entreprise.
UFP Industries (UFPI) hat angekündigt, dass ihre Tochtergesellschaft UFP Packaging C&L Wood Products, einen Hersteller von Paletten und Mulch mit Sitz in Hartselle, Alabama, übernommen hat. C&L, mit einem Umsatz in den letzten 12 Monaten von 24,8 Millionen Dollar bis November 2024, wird unter der Geschäftseinheit PalletOne von UFP Packaging arbeiten, einem führenden Hersteller von maschinengebauten Paletten in den USA.
Gegründet 1975 und 1996 von Henry und Blythe Bowman übernommen, ist C&L von 10 Mitarbeitern und weniger als 1 Million Dollar Umsatz auf mittlerweile etwa 115 Mitarbeiter gewachsen, die Kunden innerhalb eines 150-Meilen-Radius bedienen. Die Übernahme erweitert die geografische Reichweite von PalletOne in den nördlichen Teil von Alabama und das zentrale Tennessee. Das derzeitige Führungsteam von C&L, darunter Präsident Henry Bowman und Betriebsleiter Frank Janek, wird im Unternehmen bleiben.
- Acquisition expands geographic presence into Northern Alabama and Central Tennessee
- Target company has significant revenue of $24.8 million in trailing 12 months
- Acquisition provides access to high-volume pallet production in new region
- Retention of experienced management team ensures operational continuity
- None.
Insights
This strategic acquisition of C&L Wood Products strengthens UFP Industries' market position in a important way. With
The transaction's value lies in its geographic expansion potential. By establishing a presence in Northern Alabama and Central Tennessee, UFP can optimize its logistics network and reduce transportation costs in this region. The 150-mile service radius of C&L perfectly complements PalletOne's existing footprint, potentially leading to improved operating margins through economies of scale.
C&L's growth trajectory is impressive - from
The pallet industry is experiencing significant changes due to supply chain restructuring and reshoring initiatives. This acquisition strategically positions UFP to capitalize on the growing manufacturing presence in the Southeast. The retention of C&L's management team is crucial, as their local market knowledge and operational expertise have driven impressive efficiency metrics with 115 employees generating
The mulch manufacturing capability adds a complementary revenue stream, particularly valuable for seasonal demand balancing. This vertical integration allows for optimal wood resource utilization, turning byproducts into profitable materials. The 150-mile service radius is optimal for pallet distribution, balancing transportation costs with customer service levels in a sector where logistics efficiency is paramount.
-- Acquisition expands national leader PalletOne’s presence to
C&L’s leadership team, including President Henry Bowman and Operations Manager Frank Janek, will remain with the company.
“The addition of C&L expands PalletOne’s geographic footprint, giving us new access to high-volume pallet production in northern Alabama,” said Justin Elwell, executive vice president of PalletOne. “In addition, we see opportunities to expand C&L’s operations to serve a wider range of customers our elite PalletOne products.”
C&L was founded in 1975 and acquired by Henry and Blythe Bowman in 1996. When acquired, C&L had 10 employees and revenue of less than
“We’re excited to join the leading packaging solution provider in the
UFP Industries, Inc.
UFP Industries, Inc. is a holding company whose operating subsidiaries – UFP Packaging, UFP Construction and UFP Retail Solutions – manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide. Founded in 1955, the company is headquartered in
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Annie Patnaude
Director of External Relations
(616) 239-7035
Source: UFP Industries, Inc.
FAQ
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