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
West Coast Log And Lumber Exports Increased By 20 Percent In 2013
West Coast Log And Lumber Exports Increased By 20 Percent In 2013Log and lumber exports from Washington, Oregon, northern California, and Alaska increased by 20 percent in volume in 2013 compared to 2012, the U.S. Forest Service’s Pacific Northwest Research Station...
North American Lumber Producers Face Rail Transportation Nightmare
As brutal weather patterns continued across the most populated parts of North America, lumber and panel traders reported mostly flat prices on solid wood commodities, writes Keta Kosman, publisher of Madison's Lumber Reporter. Most commonly-traded dimensions...
Ainsworth Lumber And Louisiana-Pacific Enter Into Timing Agreements
Ainsworth Lumber Co. Ltd. and Louisiana-Pacific Corporation announced today that they have entered into timing agreements with each of the Canadian Competition Bureau and the Antitrust Division of the U.S. Department of Justice pursuant to which Ainsworth and LP have...
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.