•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
UFP Industries (NASDAQ: UFPI) announced it will acquire the operating assets, including real estate, of Berry Pallets, Inc., a pallet manufacturer based in Waseca, Minnesota, for approximately $20 million. The deal is expected to expand UFP Packaging’s pallet manufacturing footprint and improve its ability to serve customers across the upper Midwest.
Berry Pallets designs and manufactures new pallets from its facility in Waseca. UFP said the acquisition adds approximately $23 million in annual sales and brings 75 experienced employees into the UFP family.
UFP stated the transaction strengthens its core business and positions UFP Packaging for continued growth in the wood-based industrial packaging market. The company said the acquisition provides immediate capacity and long-term optionality to serve a growing customer base.
UFP Packaging plans to integrate the Berry Pallets facility into its existing pallet manufacturing network, aiming to leverage UFP’s operational scale, procurement advantages, and national customer relationships while maintaining Berry Pallets’ local expertise and customer focus.
Will Schwartz, CEO of UFP Industries, said the acquisition is intended to strengthen the core business and add capacity where the company sees long-term opportunity. He added that Berry Pallets has built a well-run operation with a talented team, loyal customers, and consistent performance, and that bringing the company into the PalletOne network expands UFP Packaging’s presence in the upper Midwest and enhances its ability to serve national customers across the region.
Scott Worthington, President of UFP Packaging, said the acquisition is a strong strategic fit and positions the business for continued success, greater services to customers, and future opportunities throughout the region.
The transaction is expected to close on or around May 18, 2026.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
