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Universal Forest Products Inc

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January 22, 2008 | From Times Wire Services
Universal Forest Products Inc., a maker of do-it-yourself lumber products, said a slowdown in home building had forced it to shut and sell facilities it had temporarily closed earlier. The shutdowns may result in a charge of about $5.5 million for its fourth quarter last year to write down the value of certain assets, according to the company, which is based in Grand Rapids, Mich. U.S. housing starts fell 14% in December from November to an annual rate of 1 million, the lowest since 1991, the Commerce Department said last week.
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BUSINESS
January 22, 2008 | From Times Wire Services
Universal Forest Products Inc., a maker of do-it-yourself lumber products, said a slowdown in home building had forced it to shut and sell facilities it had temporarily closed earlier. The shutdowns may result in a charge of about $5.5 million for its fourth quarter last year to write down the value of certain assets, according to the company, which is based in Grand Rapids, Mich. U.S. housing starts fell 14% in December from November to an annual rate of 1 million, the lowest since 1991, the Commerce Department said last week.
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BUSINESS
January 6, 1987 | CARLA LAZZARESCHI
Far West Fir Sales of Huntington Beach has merged with Universal Forest Products Inc. of Grand Rapids, Mich., in a deal expected to create one of the nation's largest lumber wholesalers. Value and terms of the merger, completed Dec. 31, 1986, were not disclosed. However, the companies said employees at Far West Fir's plants in Huntington Beach, Long Beach, Los Angeles, Modesto, Sunnymead and Chandler, Ariz., will not be affected.
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