Skip to main content

Universal Forest Products Inc. is closing a half-dozen plants in the United States and Canada to deal with the weak U.S. housing market, but no job losses are expected in the company's Canadian operations. Grand Rapids, Mich.-based Universal Forest said part of its operation in Thorndale, Ont., just outside London, and mills in Sanford and Stanfield, N.C.; Elkhart and Westville, Ind.; and Gulfport, Miss., will not be needed when the housing market recovers and they are expected to be sold. The company didn't indicate how many U.S. jobs would be affected. But in Thorndale, Mike Salo, sales manager, said there would be no job losses due to a recent expansion of the Ontario operation. UFPI (Nasdaq) closed Friday at $28.25 (U.S.).

Report an editorial error

Report a technical issue

Editorial code of conduct

Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 06/05/24 2:56pm EDT.

SymbolName% changeLast
UFPI-Q
Universal Forest Prd
+1.11%117.95

Interact with The Globe