UFP Industries acquires C&L Wood Product, no terms

UFP Industries (UFPI) announced that its affiliate, UFP Packaging has acquired the assets of C&L Wood Products or C&L, a manufacturer of pallets and mulch based in Hartselle, Alabama. The company had trailing 12-month sales through November of $24.8M . C&L will operate as part of UFP Packaging’s PalletOne business unit, a top manufacturer of machine-built pallets in the U.S. 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.”