UFP Packaging Adds $105M Revenue, 375 Employees with Two Pallet Acquisitions
UFP Packaging has acquired John Rock’s three operating sites and Berry Pallets’ Waseca facility, adding $105 million in annual revenue and 375 employees to its PalletOne network. These transactions extend the company’s pallet manufacturing footprint into the Northeast and Upper Midwest, enhancing coast-to-coast service for national customers.
1. Network Expansion via Two Acquisitions
UFP Packaging acquired the operating assets of John Rock’s three pallet manufacturing facilities in Pennsylvania and Virginia, and Berry Pallets’ Waseca, Minnesota facility, closing geographic gaps in the Northeast and Upper Midwest supply corridors. These additions integrate into the PalletOne network to provide consistent national pallet solutions.
2. Financial and Operational Impact
The two transactions add approximately $82 million in annual revenue and 250 employees from John Rock, plus $23 million in annual revenue and 75 employees from Berry Pallets, boosting the network by $105 million in revenue and 375 staff. This scale positions the company to meet demand for large-scale pallet solutions across multiple regions.
3. Strategic Rationale and Outlook
The acquisitions align with UFP Industries’ capital allocation strategy focused on core, higher-margin businesses and disciplined M&A, expanding manufacturing capacity where national customers operate. Company leadership expects these deals to enhance reliability and speed of service for multi-region clients while leveraging operational synergies within PalletOne.