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
Rich Bernhardt, Evergreen Engineering Co-Founder, Loses Cancer Battle
Rich Bernhardt, Evergreen Engineering Co-Founder, Loses Cancer Battle The co-founder of Evergreen Engineering, Richard Paul Bernhardt, died January 19 after a courageous four-and-a-half-year battle with pancreatic cancer. Bernhardt was born on February 15, 1950, in...
Combilift Fundraiser For UNICEF Has Lots Of Winners
Combilift Fundraiser For UNICEF Has Lots Of Winners The Combilift Fundraiser in support of UNICEF has officially come to an end. Total tickets purchased, for a chance to win the 100,000th Combilift truck, raised more than €56,000 with Combilift proudly topping up...
John King Chains Celebrates 100th Year
John King Chains Celebrates 100th Year John King Chains Group is celebrating its 100th anniversary in 2026. Established in Leeds, England in 1926, the enterprise began by producing plain pedestal bearings for coal mining pit tubs. Expansion came with the rapid...
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.