0001140361-14-042608.txt : 20141118 0001140361-14-042608.hdr.sgml : 20141118 20141118135848 ACCESSION NUMBER: 0001140361-14-042608 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20141113 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20141118 DATE AS OF CHANGE: 20141118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNIVERSAL FOREST PRODUCTS INC CENTRAL INDEX KEY: 0000912767 STANDARD INDUSTRIAL CLASSIFICATION: SAWMILLS, PLANNING MILLS, GENERAL [2421] IRS NUMBER: 381465835 STATE OF INCORPORATION: MI FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22684 FILM NUMBER: 141231346 BUSINESS ADDRESS: STREET 1: 2801 EAST BELTLINE NE CITY: GRAND RAPIDS STATE: MI ZIP: 49525 BUSINESS PHONE: 6163646161 MAIL ADDRESS: STREET 1: 2801 EAST BELTLINE NE CITY: GRAND RAPIDS STATE: MI ZIP: 49505 8-K 1 form8k.htm UNIVERSAL FOREST PRODUCTS, INC. 8-K 11-13-2014

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8‑K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  November 13, 2014

Universal Forest Products, Inc.
(Exact name of registrant as specified in its charter)

Michigan
0-22684
38-1465835
 (State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)

2801 East Beltline, NE
Grand Rapids, Michigan
 
 
49525
 (Address of Principal Executive Offices)
(Zip Code)
 
Registrant's telephone number, including area code: (616) 364-6161

None
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17  CFR 240.14d-2(b)).
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
 

 

Item 8.01 Other Events

On November 13, 2014, the Registrant announced that one of its subsidiaries acquired certain assets of Bigs Packaging and Lumber, LLC (“BPL”), a Dallas, Texas-based manufacturer of industrial wood and packaging solutions. The purchase price paid at closing was $20 million.  Additional consideration may be paid if certain performance criteria are met with respect to growth and improved profitability.  The purchase by UFP Dallas, LLC (a subsidiary of UFP Western Division, Inc.) expands Universal’s industrial business and enhances its opportunities and customer base.

Founded in 2011, BPL quickly grew its business and reputation, and has been a strong player in the industrial business in Texas and nationally. BPL had sales of approximately $50 million in the past year.

A copy of that Press Release is attached as Exhibit 99(a) to this Current Report.

Item 9.01 Financial Statements, Pro Forma Financial Information, and Exhibits

(c) Exhibits
 
99(a) Press Release dated November 13, 2014
 
2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
UNIVERSAL FOREST PRODUCTS, INC.
 
(Registrant) 
     
Dated:   November 18, 2014
By:
/s/ Michael R. Cole
   
Michael R. Cole, Chief Financial Officer
   
and Treasurer
 
3

EXHIBIT INDEX

Exhibit Number
Document
   
Press Release dated November 13, 2014.
 
 
4
EX-99.A 2 ex99_a.htm EXHIBIT 99(A)

Exhibit 99(a)

 
News release
 
---------------AT THE COMPANY---------------
 
Lynn Afendoulis
Director, Corporate Communications
(616) 365-1502

FOR IMMEDIATE RELEASE
THURSDAY, NOVEMBER 13, 2014

UFPI announces acquisition of Texas-based Bigs Packaging and Lumber
--Expands industrial business in Southwest; enhances opportunity with customers nationwide—

GRAND RAPIDS, Mich., November 13, 2014 – Universal Forest Products, Inc. (NASDAQ: UFPI) today announced that one of its subsidiaries has closed on the acquisition of certain assets of Bigs Packaging and Lumber, LLC, a Dallas, Texas-based manufacturer of industrial wood and packaging solutions. The purchase by UFP Western Division, Inc. expands Universal’s industrial business and enhances its opportunities and customer base.

Founded in 2011, Bigs quickly grew its business and reputation, and has been a strong player in the industrial business in Texas and nationally. The company had sales of approximately $50 million in the past year. Bryan Bigham, the president of Bigs, will maintain his role and will continue to lead efforts to grow Bigs Packaging.

“Bryan knows how to create success, market products and lead an outstanding team. We are excited to see his team continue their growth and expand the industrial business, which is one of our key strategic goals,” said Universal CEO Matthew J. Missad.

—more—

Universal Forest Products, Inc.
Page 2

In addition to Bigham, Andrew Hughes, industrial and packaging sales specialist, will maintain his role, as will other employees who meet Universal’s criteria for employment.

Bigham said, “It’s an honor that a corporation as strong as Universal values our company and people enough to join forces. I know Universal well and I know we’re going to do great things together. We’re anxious to help grow the industrial business, which presents so much opportunity.”

UNIVERSAL FOREST PRODUCTS, INC.
 
Universal Forest Products, Inc. is a holding company that provides capital, management and administrative resources to subsidiaries that supply wood, wood composite and other products to three robust markets: retail, construction and industrial.  Founded in 1955, the Company is headquartered in Grand Rapids, Mich., with affiliates throughout North America. For more about Universal Forest Products, go to www.ufpi.com.

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act, as amended, that are based on management’s beliefs, assumptions, current expectations, estimates and projections about the markets we serve, the economy and the Company itself. Words like “anticipates,” “believes,” “confident,” “estimates,” “expects,” “forecasts,” “likely,” “plans,” “projects,” “should,” variations of such words, and similar expressions identify such forward-looking statements. These statements do not guarantee future performance and involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. The Company does not undertake to update forward-looking statements to reflect facts, circumstances, events, or assumptions that occur after the date the forward-looking statements are made. Actual results could differ materially from those included in such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Among the factors that could cause actual results to differ materially from forward-looking statements are the following: fluctuations in the price of lumber; adverse or unusual weather conditions; adverse economic conditions in the markets we serve; government regulations, particularly involving environmental and safety regulations; and our ability to make successful business acquisitions. Certain of these risk factors as well as other risk factors and additional information are included in the Company's reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission.

# # #
 
 

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