Business
UFP Industries Celebrates 70 Profitable Years, CEO Says Employees, Culture Keys to Success
GRAND RAPIDS, Mich.--(BUSINESS WIRE)-- UFP Industries (Nasdaq: UFPI) marks 70 years in business on February 9, never failing to turn a profit in each of
About this update from Ufp Industries, Inc.
[{"type":"text","content":" GRAND RAPIDS, Mich.--(BUSINESS WIRE)--\nUFP Industries (Nasdaq: UFPI) marks 70 years in business on February 9, never failing to turn a profit in each of them. Founded in 1955, its leaders say the keys to success in all these years are its ability to recruit and retain high-achieving employees, its down-to-earth company culture and its unique incentive system that aligns employee interests with shareholders.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250207216118/en/Nasdaq celebrated UFP Industries' 70th anniversary at its headquarters in New York City on February 7, 2025. (Photo: Business Wire)\n“Our company’s motto is, ‘No mission statement; just people on a mission.’™ Every day, our people show up and get to work, demonstrating the determination and grit that drives our company forward. And we want to take this special year to honor their outstanding leadership,” said CEO Will Schwartz, who took the helm at UFP in late December. “I’m honored to join five other CEOs who worked their way from the ground up—I'm living proof that UFP is the place for self-made men and women. We measure our people by their hard work and the fire in their belly. The only person who holds you back is yourself.”\n\n\nUFP Industries, founded in 1955 by William “Bill” Grant as Universal Forest Products, started as a small wood-products manufacturer. Over the decades, it expanded its portfolio to include a wide variety of materials and products, focusing on innovative solutions for the construction, retail, and industrial markets. In 2019, the company rebranded as UFP Industries to better reflect its diversified global business operations.\n\n\nThe retail segment houses UFP’s flagship treated lumber brand, ProWood—the largest supplier of treated lumber in North America— as well as its luxury composite decking line, Deckorators. The packaging segment powers the modern economy by providing crating and custom packaging solutions for a wide variety of specialty products from food and agriculture to technology, batteries and solar panels. The construction segment, with its concrete forming, site built and factory built business units, has helped build countless homes and neighborhoods and contributed to some of the world’s most recognizable skylines and institutions.\n\n\n“Our 70-year hist...