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
B.C. Sawmill Cleanup Order Expanded
WorkSafeBC has expanded an order to clean up potentially hazardous wood dust to include panel and wood pellet plants. The order released Thursday also includes pulp and paper mills. In April, the workplace safety agency ordered the cleanup of sawmills after two deadly...
Weyerhaeuser Establishes Preference For ATFS Certified Wood
One of the world's largest forest products companies has announced a supply chain preference for certified material sourced from the American Tree Farm System (ATFS). For more than 89,000 family forest owners sustainably managing 27 million acres of forestland in...
Wood Dust Warning Came Before Deadly B.C. Sawmill Blasts
Sawmills in B.C.'s Interior were warned wood dust was an explosive risk before two deadly sawmill explosions earlier this year, in which wood dust is suspected as a factor. But the advice took a back seat to concern that dust was harmful to workers' lungs. 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.