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UFP Industries acquires Fire Retardant Chemical Technologies · Endata

◂ Announcements

Oct 1, 2020ACQUISITIONMatthews, North Carolina, United States

UFP Industries acquires Fire Retardant Chemical Technologies

UFP Industries, through its UFP Retail Solutions segment, acquired the equity of Fire Retardant Chemical Technologies (FRCT), a research and development laboratory specializing in fire retardants and water repellants. FRCT had $6.4 million in sales in 2019 and will continue to be led by founder Dr. Futong Cui.

Status

Completed

Productsfire retardantswater repellants

CompaniesUFP Industries acquirer Fire Retardant Chemical Technologies target

Sectors#Specialty Chemicals

“As part of UFP, FRCT will gain a better understanding of the needs of the market.”finance.yahoo.com

2 sources
finance.yahoo.comUFP Industries acquires Fire Retardant Chemical Technologies, bolstering its R&D effortsUFP Industries, Inc.Oct 1, 2020
crainsgrandrapids.comUFP Industries acquires North Carolina wood preservation developer | Crain's Grand Rapids BusinessMiBiz StaffOct 5, 2020

Summarized from public sources; check the original articles before acting on it.

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