UFP Construction Continues Diversification Through Acquisition
Originally published by: UFP Industries — March 16, 2020
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Editor's Note: The article below outlines another recent acquisition by Universal Forest Products, as it strives to further diversify its business holdings. For a company that built its brand on distributing lumber products and structural components, this expansion to over 170 affiliated operations servicing the retail, construction and industrial markets (see image below on product categories) is a continuing case study for any component manufacturing operation looking to grow.
View on UFPI's website.
Universal Forest Products, Inc. announced that one of its affiliates acquired the operating assets of Quest Design & Fabrication and Quest Architectural Millwork, collectively known as Quest. Based near Houston, Texas, Quest specializes in designing, fabricating and installing premium millwork and case goods for a variety of commercial uses, including builder’s sales centers, design studios, hospitality, corporate offices, and healthcare. The company had approximately $22 million in sales in 2019. Jon Deutser, president and CEO of Quest, will continue to run the company.
“We are very excited to join the UFP Industries family of companies,” said Jon. “We share multiple customers, and UFPI’s national footprint will help us grow quickly and better serve existing customers.”
“Quest is a great fit in our commercial construction business unit, which is a key component of our new UFP Construction segment,” said UFPI CEO Matthew J. Missad. “Architectural millwork is part of our growth runway in commercial construction. Their high level of value-add and focus on premium products dovetails with our growth goals. Their talented leadership team plans to scale this business with existing UFP Industries customers through our existing facilities. Our growth strategies and cultures align very well, and we look forward to working together to quickly improve our businesses.”