UFP Industries Reports Fire Damage at Ashburn, Georgia Facility
June 04 2020 - 9:36AM
UFP Industries, Inc. (Nasdaq: UFPI) today announced that
fire partially damaged its facility in Ashburn, Georgia, during the
early morning hours of June 3, 2020. The fire has been extinguished
and we are gratified to report there were no injuries. The fire is
being investigated as arson, and we are working with local law
enforcement to apprehend and prosecute the person(s) responsible.
An early assessment of the cost of damage is in the $1 million
range. The company expects the Ashburn facility to be closed until
Friday, June 5, 2020.
“We are disheartened that malicious people would destroy
property and interrupt the livelihoods of an outstanding workforce.
We will ensure our employees have a safe place to return to work
once the plant resumes operation,” said CEO Matthew J. Missad.
“Fortunately, UFP Industries has other facilities in Georgia, and,
if needed, we can shift production to those facilities to continue
to serve our customers. We will keep customers informed as we make
a return to full production.”
UFP Industries, Inc. (formerly Universal Forest
Products, Inc.)
UFP Industries is a holding company whose subsidiaries supply
wood, wood composite and other products to three robust markets:
retail, construction and industrial. Founded in 1955, the
company is headquartered in Grand Rapids, Mich., with affiliates
throughout North America, Europe, Asia and Australia. For more
about UFP Industries, 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, events, or assumptions 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 economic 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.
---------------AT THE COMPANY---------------
Dick Gauthier VP, Business
Outreach (616) 365-1555
UFP Industries (NASDAQ:UFPI)
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