Universal Forest Products, Inc. (UFPI) announced that one of its subsidiaries closed on the purchase of a majority interest in Integra Packaging Proprietary, Ltd., a manufacturer and distributor of integrated packaging products based in Brisbane, Australia.

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UFPI acquires majority interest in Integra Packaging Proprietary

Jan 16, 2015. /Lesprom Network/. Universal Forest Products, Inc. (UFPI) announced that one of its subsidiaries closed on the purchase of a majority interest in Integra Packaging Proprietary, Ltd., a manufacturer and distributor of integrated packaging products based in Brisbane, Australia.

Founded in 1995, Integra has two locations in Eastern Australia, where it manufactures wood specialty packaging. It also distributes packaging products and performs on-site packaging services for a number of industries. Integra also has exclusive distribution agreements for Australia with global packaging enterprises. The company expects sales of $12 million in 2015. The acquisition supports Universal’s plan to grow internationally in markets and with multinational customers it serves in the US.

“Integra provides a strong opportunity for our foray into new international markets,” said Universal Forest Products CEO Matthew J. Missad. “It has a track record of success and a commitment to providing solutions to its customers. It utilizes creativity that we can expand to our existing markets and, most importantly, it has a talented, hard-working team of people who are driven to grow and prosper.”

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.