Jul. 4, 2022
UFP Invests In Dempsey Wood Products
UFP Industries affiliate, PalletOne, Inc., has acquired a 50 per cent equity stake in Dempsey Wood Products, LLC. The purchase agreement includes options for PalletOne to purchase the remaining 50 per cent of Dempsey after three years. Dempsey Wood Products produces kiln-dried lumber, pallet lumber, and other industrial wood products from a single location in Orangeburg, SC. The industrial lumber that Dempsey produces is a key product for pallet operations and has been in short supply as larger mills produce less of this type of lumber. In 2021, five of Dempsey’s 10 largest customers were UFP affiliates and nearly 40 other UFP locations could be served by Dempsey.