GRAND RAPIDS, Mich. (News release) -- Universal Forest Products, Inc. (UFPI) announced that one of its affiliates closed on the purchase of the operating assets of Wolverine Wood Products, a Grand Rapids, Mich.-based manufacturer of wood panel components for furniture, store fixtures and case goods.

The acquisition expands Universal's capabilities to produce value-added wood components for customers in the Midwest. Mike Petersen, owner and president of Wolverine Wood Products, is remaining with the company as general manager.

"Wolverine will help Universal expand our market presence and our mix of value-added products," said Universal CEO Matthew J. Missad. "They have a talented and experienced team, and we are excited to learn from their expertise in production automation and are eager to apply it at other Universal facilities."

Universal Forest Products, Inc. is a holding company that provides capital, management and administrative resources to subsidiaries that supply wood, wood composite and other products to three robust markets: retail, construction and industrial.

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