UFP Industries Expands Its Pallet Manufacturing Network with New Acquisition

UFP Industries Expands Pallet Manufacturing Network Through Acquisition

UFP Industries, a leading player in the industrial and packaging sectors, has bolstered its pallet manufacturing operations through a strategic acquisition. On April 28, 2026, the company announced that it would acquire the operating assets of Berry Pallets, Inc., a well-regarded pallet manufacturer based in Waseca, Minnesota, for approximately $20 million. This acquisition marks a significant move for UFP Industries as it looks to enhance its manufacturing footprint across the upper Midwest.

The decision to acquire Berry Pallets is fueled by the company's strong growth strategy and its desire to meet increasing customer demand. Berry Pallets specializes in designing and manufacturing new pallets at its Waseca facility and boasts around $23 million in annual sales. The acquisition is expected to integrate approximately 75 of Berry Pallets’ experienced employees into the UFP family, contributing valuable skills and insights to the company’s operational capabilities.

With this expansion, UFP Industries aims to strengthen its core business while simultaneously increasing its capacity to serve a growing customer base. According to Will Schwartz, CEO of UFP Industries, “This acquisition is fundamentally about strengthening our core business and adding capacity where we see long-term opportunity.” Schwartz praised Berry Pallets for its operational excellence and its team’s dedication to customer satisfaction, indicating that the integration of Berry Pallets into the PalletOne network will significantly enhance UFP’s service to national customers across the region.

As part of the agreement, Berry Pallets' Waseca facility will be seamlessly integrated into UFP Packaging's existing pallet manufacturing network. This strategic move promises to leverage UFP’s operational scale, procurement advantages, and customer relationships while maintaining the local expertise and commitment to service that have been the hallmarks of Berry Pallets’ business.

Scott Worthington, President of UFP Packaging, expressed enthusiasm about the acquisition, stating, “We’re excited to welcome the Berry Pallets team to our UFP family and build on their strengths and experience. This represents a strong strategic fit for UFP Packaging and positions us well for continued success.” He further highlighted the acquisition’s potential to improve services for customers and create new opportunities throughout the Midwest.

This move corresponds with UFP Industries' ongoing strategy to invest in its core businesses while expanding its manufacturing capacity to better serve national customers. The company has stated that it will continue to seek out strategic opportunities that align with its strengths and growth objectives. Following regulatory approval, the transaction is anticipated to close around May 18, 2026.

In summary, UFP Industries’ acquisition of Berry Pallets is a forward-looking strategy designed to enhance its capabilities and competitive position in the wood-based industrial packaging market. This essential step not only solidifies UFP’s presence in the upper Midwest but also underscores its commitment to investing in quality operations that promise sustainable growth and customer satisfaction. As UFP Industries charts its path forward, the combination of company strengths and local expertise offers a promising outlook for the future of its pallet manufacturing division.