The acquisition provides a presence in the Eastern United States for Universal’s Industrial Wood Industries (IWI), which supplies bulk shipping and storage bins, moving boxes, fruit and nut bins, and other specialized wood products to industrial and agricultural customers, primarily in the West. IWI shares many customers with CSI. With this move, IWI will have a presence in the East and an opportunity serve new clients and to enhance service to existing clients with locations nationwide.
“This acquisition is a perfect complement to IWI’s business, and allows that affiliate to bring its strong capabilities and solutions to the Eastern Seaboard,” said Universal Forest Products, Inc. CEO Matthew J. Missad, who added that UFPI’s industrial business is a primary focus for growth opportunities. “Container Systems, Inc. is known as a quality panel products manufacturing company in its market and, with the resources and strengths of our IWI operations, we look forward to serving new customers in the East with the products and service they expect from a Universal company.”
CSI joint-owner Scott Parsons will remain as plant manager of the Franklinton operations and employees Lyle Davis and James Boswell will serve as operations manager and account manager, respectively. “This is an exciting new chapter for the people and customers of CSI, and we’re proud to now be a part of a respected international manufacturer and supplier,” Parsons said.
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.
