UPDATE: Universal Forest Products (UFPI) to Acquire idX Corp in $68M Deal; Will Pay $94.5M to Retire Debt

UFPI to buy idX Corp., leading international provider of custom merchandising solutions

GRAND RAPIDS, Mich., Sept. 01, 2016 (GLOBE NEWSWIRE) -- Universal Forest Products, Inc. (NASDAQ: UFPI) today announced that it has signed a definitive agreement to purchase idX Corp., an international provider of highly customized merchandising solutions. Under terms of the agreement, UFPI will acquire all outstanding shares of stock of the holding company, idX Holdings, Inc. The move opens new doors to Universal for growth in adjacent markets and with new products, and offers idX access to enhanced capacity and to new customers and markets. The transaction is expected to close... More