| GRAND RAPIDS, MI -- Universal Forest Products, Inc. announced that a wholly-owned subsidiary has acquired certain assets of Maine Ornamental Woodworkers, Inc., a Maine-based manufacturer, importer, and distributor of an extensive variety of decorative caps used on decking and fencing posts. Its 2004 sales were approximately $12.4 million.
The purchase will expand Universal's wood and composite decking product lines with the addition of its copper, brass, and wood post caps.
Maine Ornamental's customer base consists primarily of two-step distributors and big box home improvement retailers. "Universal has done business with the company in the past and has been impressed with Maine Ornamental's operations and expertise," said Universal President Mike Glenn. "They're the largest supplier of post caps in a growing, yet highly fragmented market," Glenn added. "Maine Ornamental represents strong opportunity for Universal and provides a great addition to our portfolio of products."
Maine Ornamental has 40 employees and three locations: a manufacturing/distribution facility in Winthrop, ME; a manufacturing and office location in Eliot, ME; and a sales office in Bainbridge Island, WA. All employees currently are expected to remain with Universal after the acquisition. The company will continue to operate under the name Maine Ornamental.
Visit the Company's web site at http://www.ufpi.com
This eUpdate posting by: Steve@BuildingOnline.com, Editor
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