UFP Industries, Inc. announced that as UFP Industries accelerates its acquisition strategy, President and CEO Will Schwartz announced the creation of a new executive role designed to maximize the value of newly acquired businesses and strengthen the performance of existing operations across the enterprise. The newly created position of Executive Vice President of Operations Integration will be filled by current UFP Construction President Patrick Benton, effective July 1. Throughout his 33- year career at UFP Industries, Benton has firmly established himself as an expert operator with rich experience in all three of UFP Industries' core segments. Benton joined UFP Industries in 1993 as a production trainee in Saginaw, Texas.
He held positions of increasing responsibility, eventually becoming Vice President of Operations (South Texas) in 2008. He was subsequently named Executive Vice President of UFP Eastern Division-North in 2014 and president of the Northern Division in 2017. In 2019, as part of UFP Industries' reorganization to focus on end-markets, he was named president of UFP Construction.
He is a native of Texas and currently resides in Charlotte, N.C. with his wife. They have 3 adult children. Schwartz also named current UFP Site Built Executive Vice President Mike Ellerbrook to the position of President of UFP Construction, also effective July 1. Ellerbrook began his career with UFP Industries just before his 19th birthday at UFP's Belchertown location.
He ascended the leadership ranks by serving in both sales and operations roles, advancing through roles of increasing responsibility, until being named Vice President of the Northeast Region in 2014 and subsequently Executive Vice President of UFP Site Built in 2020. In that role he has brought alternative materials, such as steel and aluminum, to the business unit's traditional wood component operations. Most recently he oversaw the launch of Frame Forward Systems, Site Built's concept-to-construction prefabricated wood brand.
He holds a business degree from the University of Southern Maine. Ellerbrook is a Boston native where he resides with his wife and 2 children.
UFP Industries, Inc. is a holding company. The Company designs, manufactures and supplies products made from wood, wood and non-wood composites, and other materials to the retail, packaging, and construction sectors. Its segments include UFP Retail Solutions (Retail), UFP Packaging (Packaging) and UFP Construction (Construction). The Retail Solutions Segment consists of the following business units: ProWood, Deckorators and UFP Edge. It sells to three verticals, including big box retailers, independent distributors, and distribution centers including two-step distributors. The Packaging Segment serves regional, national, and global customers across verticals including building materials, durable goods, agricultural, moving and storage, heavy equipment and automotive. The construction segment consists of factory-built housing, site-built construction, commercial construction, and concrete forming. The Company operates in the United States, Mexico, Canada, Spain, India and Australia.
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
-
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
-
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
-
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.