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
British Columbia Surpasses 2010 Lumber Export Record
British Columbia has broken another record in lumber exports to China this year, with shipments already surpassing 2010's record total. According to the latest international merchandise trade data released by Statistics Canada, lumber exports over the first eight...
SYP Design Values Are Under Attack
Story by Rich Donnell, Editor-in-Chief I have witnessed two product-related crises in the southern pine lumber industry during my nearly 30 years of writing for this magazine. The first occurred in the mid 1980s, when southern pine lumber producers received a serious...
Oregon Lumber Company Planning Extended Downtime
Swanson Lumber recently announced that they are planning extended shutdowns due to hard times in the lumber industry at sawmills in Glendale and Roseburg, which will idle about 700 workers. The mills will shut down for two weeks starting Nov. 14. Two company owned...
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.