UFP Industries, Inc. (NasdaqGS:UFPI) is looking for acquisitions. Matthew J. Missad, Chief Executive Officer said, "Effective allocation of capital is a cornerstone. We prioritized capital on growth, creating long-term value and providing a solid return to our shareholders.

Our growth capital is directed to strategic acquisitions, new products and services, expansionary and efficiency capital expenditures. We have plenty of acquisition targets in the pipeline, but we'll keep our disciplined approach and adjust our model consistent with our view of the future. We have a great supply of dry powder and the strong balance sheet, which enables us to take advantage of opportunistic situations, as they occur in the targeted runways.

In addition to new products and services in all business units, we see opportunities with our industrial growth, as we pursue our goal of being the global packaging solution provider. We will continue to scale our recent acquisitions across our network, as well as finding new products and M&A throughout our business unit footprint". Michael R. Cole, Chief Financial Officer said, "Lastly, we continue to pursue a healthy pipeline of acquisition opportunities of companies that are a strong strategic fit and enhance our capabilities, while providing higher margin return and growth potential".