# 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.

- Type: Acquisition
- Announced: 2020-10-01
- Where: Matthews, North Carolina, United States
- Status: completed
- Products: fire retardants, water repellants
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [UFP Industries](https://endata.com/companies/3044.md) (acquirer)
- [Fire Retardant Chemical Technologies](https://endata.com/companies/50309.md) (target)

## Sources

- [finance.yahoo.com](https://finance.yahoo.com/news/ufp-industries-acquires-fire-retardant-200500106.html), 2020-10-01: "As part of UFP, FRCT will gain a better understanding of the needs of the market."
- [crainsgrandrapids.com](https://www.crainsgrandrapids.com/news/manufacturing/ufp-industries-acquires-north-carolina-wood-preservation-developer/), 2020-10-05: "These technologies will join our growing portfolio of products and reinforce our commitment to innovation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.