Universal Forest Products announces structure change to promote growth
As of Jan. 1, 2020, the company will be known as UFP Industries, Inc., and will be organized around the markets it serves, such as retail, construction and industrial, rather than geography.
Universal Forest Products, Inc. (UFPI), Grand Rapids, Mich., announced a new organizational structure designed to position the company for accelerated sales and profit growth in the coming years.
As of Jan. 1, 2020, the company will be known as UFP Industries, Inc., and will be organized around the markets it serves, such as retail, construction and industrial, rather than geography. Among other benefits, this will allow for a more specialized and consistent sales approach, more efficient use of resources and capital and quicker introduction of new products and services.