UFP Industries (UFPI) is trading higher after it announced the acquisition of Oldcastle APG’s MoistureShield decking operating assets, positioning the transaction as a strategic move that materially expands capacity for its Deckorators wood-plastic composite (WPC) decking business. The company framed the purchase as removing production constraints and enabling it to better meet demand in outdoor living products. (sec.gov)

The acquisition includes manufacturing assets, inventory, certain product brands, and proprietary CoolDeck composite decking technology designed to reduce heat absorption versus standard composite decking. UFP said the acquired operations will be integrated into Deckorators’ existing manufacturing network, giving the company more flexibility to optimize production across locations while selectively incorporating additional composite technologies into the product lineup. (sec.gov)

UFP highlighted that the added capacity is intended to support national retail partners, dealers, and contractors, and to accelerate new product introductions in a category it characterized as growing and attractive. The company also said it expects the investment, along with additional capital investments at the acquired location, could allow it to double Deckorators’ overall WPC capacity to a total of $200 million by 2027—an outlook that can reshape expectations for growth in its outdoor living portfolio. (sec.gov)