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Gotrade News - UFP Industries (UFPI) announced Monday, October 26, 2026, the acquisition of the operating assets of Apache Products, a pallet manufacturer in Silsbee, Texas, for approximately $27 million, according to UFP Industries' official release. The company said the deal adds approximately $55 million in annual sales.
Regular-session close on October 26, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Market cap: that close times the shares outstanding on the latest 10-Q or 10-K cover (SEC EDGAR).
What UFP Industries Announced
UFP Industries said it is acquiring the operating assets, including real estate, of Apache Products, Inc., which does business as Acme Skid. According to the release, Apache Products designs and manufactures stringer and heat-treated pallets from its facility in Silsbee. The company said the transaction brings 165 employees into the UFP family, and that the Apache facility will be integrated into UFP Packaging's existing pallet manufacturing network.
The transaction is expected to close on or around Monday, November 16, 2026, the company said in the release, which it also filed with the SEC as an exhibit to a Form 8-K.
"Apache is the kind of business we look for at UFP: an established market leader with long-standing customer relationships, a disciplined operation and an experienced team that has a proven track record of execution," said Will Schwartz, chief executive officer of UFP Industries.
Why It Matters for UFPI
According to the company, the acquisition expands UFP Packaging's pallet manufacturing footprint and strengthens its ability to serve customers throughout the Gulf Coast, which the release describes as one of the country's largest industrial and petrochemical markets. UFP said the deal expands UFP Packaging's PalletOne network with immediate capacity, and Schwartz said it tracks with the company's other investments this year.
"The Gulf Coast is one of the country's most important industrial packaging markets, driven by concentrated manufacturing, energy and petrochemical activity," said Scott Worthington, president of UFP Packaging. The release describes UFP Packaging as the largest producer of wood pallets and crates in the United States, and says the acquisition underscores UFP Industries' continued focus on investing in core businesses and expanding manufacturing capacity to serve regional and national customers.
What to watch next: UFP Industries expects the Apache Products acquisition to close on or around Monday, November 16, 2026.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
