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
New B.C. Sawmill Combustible Wood Dust Policies Take Effect Next Month
Starting Sept. 1, employers in the B.C. sawmill and wood product manufacturing sectors will have to undertake a combustible wood dust risk assessment, implement a dust management program and perform an audit of the program as soon as reasonable possible. The new...
Greenpeace: RFP’s Lawsuit Is Attempt To Silence Critics Of Company’s Practices
Greenpeace has filed court documents saying a lawsuit against it is an attempt to silence its criticism of a forestry company’s harvesting practices. “Greenpeace states that the Plaintiffs’ claims for defamation and interference with economic relations have no merit...
Despite Price Declines, Most North American Hardwood Mills Expect Better Business
North American hardwood sawmills were generally happy with the pace of business during the first half of August. While sales have slowed, as is normal in August, warehouses have not filled up. Mills in most areas have enough logs for this time of year, with the...
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.