July 3, 2011

Universal Forest Products Inc. (UFPI) has announced “cost reductions that will result in annualized savings of $10 million” due to weak sales during the first five months of 2011. The Grand Rapids, Mich. company did not specify where or when these cuts will take place; they do not include one-time charges related to reductions, however.   

June 21, 2011

Grand Rapids, Mich.-based Universal Forest Products has announced that CEO Michael Glenn is retiring due to health reasons and to make way for new leadership to "build on Universal's strengths and prepare for future opportunity." The board of directors is currently in the process of evaluating candidates for the position. Glenn, who was appointed CEO in 2006, has agreed to stay on until a new CEO is named.

June 9, 2008

The move continues the expansion of Universal’s capacity and reach in the industrial market....