GRAND RAPIDS, Mich. — Universal Forest Products Inc. announced that one of its subsidiaries completed the purchase of International Wood Industries (IWI), a manufacturer of wood industrial products that is expected to add new markets, opportunities and geographic territory to Universal’s industrial efforts.
Headquartered in Turlock, CA, IWI manufactures boxes to move household goods worldwide; agricultural boxes for shipping produce such as nuts, fruits and vegetables; and crating, packaging and skids to pack and ship products for a multitude of industries nationwide.
The company has distribution, warehouse and assembly facilities in Alaska and Hawaii. For the twelve months ended December 31, 2007, IWI had sales of $40 million. Universal Forest Products Western Division closed the $14 million purchase of all shares of IWI on Monday, February 4, 2008.
Universal Forest Products markets, manufactures and engineers wood and wood-alternative products for DIY/retail home centers, structural lumber products for the manufactured housing industry, engineered wood components for the site-built construction market, and specialty wood packaging for various industries.
