UFPI Expands Industrial Reach; Buys Washington-Based Pallet, Container Manufacturer

  UFPI Expands Industrial Reach; Buys Washington-Based Pallet, Container
  Manufacturer

- Grows reach in Northwest United States agriculture and industrial markets -

Business Wire

GRAND RAPIDS, Mich. -- October 18, 2012

Universal Forest Products, Inc. (Nasdaq: UFPI) today announced that one of its
subsidiaries is expanding the Company’s industrial business in the Northwest
United States with the acquisition of the operating assets of Nepa Pallet and
Container Co., Inc., a manufacturer of pallets, containers and bins for
agricultural and industrial customers.

The purchase of Nepa by UFP Washington, LLC, advances a number of Universal’s
strategic objectives: to enter that geographic market without adding capacity
to the marketplace, to continually expand its industrial business, and to grow
by acquiring successful companies.

Nepa has facilities in Snohomish, Yakima and Wenatchee, Wash., and had
trailing twelve month sales through September 2012 of $25 million. Closing is
expected to take place in early November 2012.

“In its 75 years, Nepa has built a strong reputation as a solid manufacturer
with great customer service. Its employees are loyal and dedicated, which is
consistent with our culture,” said Matthew J. Missad, chief executive officer
of Universal Forest Products, Inc. “We look forward to adding Nepa and its
people to the Universal family of companies, and growing with them in a
territory that’s important to Universal’s future and success.”

“We’re pleased to join the Universal family and to give our employees the
opportunity to grow with an industry powerhouse,” said Patrick Sherry,
co-owner and president of Nepa, who will remain as general manager of
operations. “This is an exciting new chapter for us, and we know it is the
beginning of new success and great opportunity.”

UNIVERSAL FOREST PRODUCTS, INC.

Universal Forest Products, Inc. is a holding company that provides capital,
management and administrative resources to subsidiaries that design,
manufacture and market wood and wood-alternative products for DIY/retail home
centers and other retailers, structural lumber and other products for the
manufactured housing industry, engineered wood components for the site-built
construction market, and specialty wood packaging and components and packing
materials for various industries. Universal’s subsidiaries also provide
framing services for the site-built market, and forming products for concrete
construction. The Company's consumer products subsidiary offers a large
portfolio of outdoor living products, including wood composite decking,
decorative balusters, post caps and plastic lattice. Its lawn and garden group
offers an array of products, such as trellises and arches, to retailers
nationwide. Founded in 1955, Universal Forest Products is headquartered in
Grand Rapids, Mich., with operations throughout North America. For more about
Universal Forest Products, go to www.ufpi.com.

This press release contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act, as amended, that are based on
management’s beliefs, assumptions, current expectations, estimates, and
projections about the markets we serve, the economy, and the company itself.
Words like “anticipates,” “believes,” “confident,” “estimates,” “expects,”
“forecasts,” “likely,” “plans,” “projects,” “should,” variations of such
words, and similar expressions identify such forward-looking statements. These
statements do not guarantee future performance and involve certain risks,
uncertainties and assumptions that are difficult to predict with regard to
timing, extent, likelihood and degree of occurrence. The Company does not
undertake to update forward-looking statements to reflect facts,
circumstances, assumptions or events that occur after the date the
forward-looking statements are made. Actual results could differ materially
from those included in such forward-looking statements. Investors are
cautioned that all forward-looking statements involve risks and uncertainty.
Among the factors that could cause actual results to differ materially from
forward-looking statements are the following: fluctuations in the price of
lumber; adverse or unusual weather conditions; adverse conditions in the
markets we serve; government regulations, particularly involving environmental
and safety regulations; and our ability to make successful business
acquisitions. Certain of these risk factors as well as other risk factors and
additional information are included in the Company's reports on Form 10-K and
10-Q on file with the Securities and Exchange Commission.

Contact:

Universal Forest Products, Inc.
Lynn Afendoulis
Director, Corporate Communications
(616) 365-1502
 
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