UFP Industries Acquires 50% Stake In Dempsey Wood Products
UFP Industries has announced that its affiliate, PalletOne, Inc., has acquired a 50% equity stake in South Carolina sawmill company, Dempsey Wood Products, LLC. The purchase agreement includes options for PalletOne to purchase the remaining 50% of Dempsey after three years.
Founded in 1988 by Ronald Dempsey, Dempsey Wood Products produces kiln-dried lumber, pallet lumber, and other industrial wood products from a single location in Orangeburg, South Carolina. Dempsey had 2021 sales of $68.9 million, and its management team, including Ronald Dempsey and his son, Parker, will continue in management roles.
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. PalletOne’s investment in Dempsey helps it secure and grow a critical long-term supply source. In 2021, five of Dempsey’s 10 largest customers were UFP affiliates, and nearly 40 other UFP locations could be served by Dempsey.
“Having supplied UFP companies for many years, we’re proud to join forces and contribute to their future growth plans,” comments Parker Dempsey. “Together we can expand our capacity and industrial offerings. This gives our company and our employees exciting new growth opportunities.”
Latest News
Ben Brydges Appointed Wood-Mizer CEO
Ben Brydges Appointed Wood-Mizer CEOWood-Mizer has named Ben Brydges as Chief Executive Officer. In his new role, Brydges will guide the company into its next phase of strategic growth and product innovation, strengthening Wood-Mizer’s position as a trusted name...
More Than Tariffs Cause Sinclar Forest Products Mill Reductions
More Than Tariffs Cause Sinclar Forest Products Mill ReductionsPrince George, British Columbia-based Sinclar Forest Products is reducing production output at its Apollo Forest Products (Fort Saint James), Nechako Lumber (Vanderhoof) and Lakeland Mills (Prince George)...
DO2 Names Mathieu Laflamme Sales Director
DO2 Names Mathieu Laflamme Sales DirectorDolbeau Oxygene, known as DO2, appointed Mathieu Laflamme as Sales Director for the DO2 Group, which includes DO2 Industrial as well as its automation division, DO2 Control. Laflamme has more than 20 years of experience in...
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.