# UFP Industries acquires 70% of Ficus Pax, expanding into India

UFP Industries, through its affiliate UFP Global Holdings, acquired 70 percent of Ficus Pax, an industrial packaging producer with 10 facilities in southern India, for about $13.5 million. The deal marks UFP's first industrial presence in India.

- Type: Acquisition
- Announced: 2021-11-22
- Where: Bangalore, India
- Value: $13.5M
- Status: completed
- Products: mixed-material cases and crates, nail-less plywood boxes, wooden pallets, corrugated fiber board containers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [UFP Industries](https://endata.com/companies/3044.md) (acquirer)
- [Ficus Pax](https://endata.com/companies/8616.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2021/11/22/2339348/0/en/ufp-industries-acquires-controlling-equity-position-in-ficus-pax-marking-ufp-s-first-industrial-presence-in-india.html), 2021-11-22: "UFP Global Holdings Ltd. has acquired 70 percent of the equity in Ficus Pax Private Limited."
- [ufpinvestor.com](https://www.ufpinvestor.com/news-releases/news-release-details/ufp-industries-acquires-controlling-equity-position-ficus-pax-0), 2021-11-22: "UFP Industries (Nasdaq: UFPI) today announced that its affiliate, UFP Global Holdings Ltd. , has acquired 70 percent of the equity in Ficus Pax Private Limited (Ficus Pax)."

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