Key Developments: Universal Forest Products Inc (UFPI.O)
38.72USD
17 May 2013
$0.56 (+1.47%)
$38.16
$38.31
$38.75
$37.81
100,114
71,231
$43.36
$30.76
Latest Key Developments (Source: Significant Developments)
Universal Forest Products Inc Approves Semiannual Dividend
Universal Forest Products Inc announced that the Company's Board of Directors approved a semiannual dividend payment of $0.20 per share at their April 17, 2013 meeting. The dividend is payable on June 15, 2013, to shareholders of record on June 1, 2013. Full Article
Universal Forest Products Inc's Subsidiary Closes Acquisition Of Custom Caseworks, Inc
Universal Forest Products Inc announced that subsidiary has closed on the acquisition of Custom Caseworks, Inc., a business-to-business manufacturer of engineered wood products in many commercial markets. Terms of the transaction were not disclosed. Full Article
Universal Forest Products Inc Announces Issuance Of Long-Term Debt
Universal Forest Products Inc announced that it has negotiated loan agreements with Prudential Investment Management, Inc. totaling $75 million, which will be used to refinance $40 million of existing notes and for expansionary capital, including the acquisition of Custom Caseworks, Inc., a manufacturer of commercial casework, fixtures and related products. The notes negotiated with Prudential include unsecured ten-year Series A Senior Notes at 3.89% interest totaling $35 million, and unsecured 12-year Series B Senior Notes at 3.98% interest totaling $40 million. Proceeds from the issuance of the notes will be used by the Company to refinance its existing Series 2002-A Senior Notes totaling $40 million, which carried a 6.16% interest rate, and for general corporate purposes. Full Article
Universal Forest Products Inc's Subsidiaries Buys Washington-Based Pallet, Container Manufacturer
Universal Forest Products Inc announced that one of its announced that one of its subsidiaries is expanding the Company’s industrial business in the Northwest United States with the acquisition of the operating assets of Nepa Pallet and Container Co., Inc., a manufacturer of pallets, containers and bins for agricultural and industrial customers. The purchase of Nepa by UFP Washington, LLC, advances a number of Universal’s strategic objectives: to enter that geographic market without adding capacity to the marketplace, to continually expand its industrial business, and to grow by acquiring companies. Nepa has facilities in Snohomish, Yakima and Wenatchee, Wash., and had trailing twelve month sales through September 2012 of $25 million. Closing is expected to take place in early November 2012. Full Article
Universal Forest Products Inc Issues $0.20 Per Share Dividend
Universal Forest Products Inc announced that the Company`s Board of Directors approved a semiannual dividend payment of $0.20 per share at their October 17, 2012 meeting. The dividend is payable on December 15, 2012, to shareholders of record on December 1, 2012. Full Article
Universal Forest Products Inc Approves $0.20 Semiannual Dividend
Universal Forest Products Inc announced that the Company’s Board of Directors approved a semiannual dividend of $0.20 per share at their April 18, 2012 board meeting. The dividend is payable on June 15, 2012 to shareholders of record on June 1, 2012. Full Article
Universal Forest Products Approves $0.20 Per Share Semiannual Dividend
Universal Forest Products announced that the Company’s Board of Directors approved a semiannual dividend payment of $0.20 per share at their October 12, 2011 meeting. The dividend is payable on December 15, 2011, to shareholders of record on December 1, 2011. Full Article
Universal Forest Products Announces Appointment Of Matthew J. Missad To CEO
Universal Forest Products announced that Matthew J. Missad, former executive vice president and general counsel, has been appointed Chief Executive Officer (CEO) of the Company. The appointment was approved by the Company’s Board of Directors and is effective immediately. Missad succeeds Michael B. Glenn, who tendered his resignation in June 2011 for personal reasons. Full Article
Universal Forest Products Announces Management Changes
Universal Forest Products announced that its Board of Directors has accepted the resignation of Chief Executive Officer (CEO) Michael B. Glenn, which he tendered for health reasons and to make way for new leadership. The Board is completing an evaluation process of candidates for the next CEO. Glenn has agreed to stay on during that process. Full Article
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