UFP Packaging Acquires Berry Pallets Facility in Waseca to Expand Upper Midwest Footprint
UFP Packaging acquired Berry Pallets in Waseca, Minn., extending its national pallet manufacturing network into the Upper Midwest and providing a base to serve national customers across North America. The deal aligns with UFP Industries’ capital allocation strategy prioritizing core high-margin operations and disciplined M&A to boost manufacturing capacity and scale efficiencies.
1. Acquisition of Berry Pallets
UFP Packaging has completed the acquisition of Berry Pallets, Inc., a Waseca, Minn.-based pallet manufacturer. The purchase brings a well-established facility with a loyal customer base into UFP Packaging's network, marking its first direct presence in the Upper Midwest.
2. Network Expansion and Service Reach
The acquisition extends UFP Packaging's pallet manufacturing footprint into a strategic region, enabling end-to-end service for national accounts from the Upper Midwest through its existing sites. This regional addition is designed to deliver consistent service and drive efficiencies through closer proximity to key markets.
3. Strategic Capital Allocation
The transaction supports UFP Industries' capital allocation focus on high-margin core businesses and disciplined M&A. By integrating Berry Pallets' operations, UFP aims to boost manufacturing capacity and achieve scale-driven cost efficiencies across its multi-region packaging platform.