UFP Industries ($UFPI): The Power of Aligning Employees, Management and Shareholders
All of you who have read some of my previous articles know that I love distribution businesses and that, while I do really search for companies in many different sectors, many of those articles are focused on specialty distributors. This time I’ve been able to escape the magnetic pole of distribution businesses and stay on a previous step within the value chain.
UFP Industries (UFPI) is a manufacturer and does not enjoy some of the virtuous cycles and dynamics that distribution businesses create, but has many competitive advantages and tailwinds that make the business really interesting. As we will see, the trajectory and experience of its management team, its alignment with employees and shareholders, its diversified nature, its national reach and scale and an impressive M&A activity, among other things, make UFPI a high quality business and with a valuation far from being stretched.
Is this enough to catch your attention?? I hope so! So let’s get started! But let me first ask for your…
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