Quick Take
Universal Forest Products (UFPI) has announced the acquisition of Quest Design & Fabrication for an undisclosed amount.
Quest has developed business units that offer design, fabrication and installation of premium millwork.
With the deal, UFPI bolsters its commercial construction business segment with a high end provider of millwork to builders, design studios, hospitality, healthcare and corporate offices.
However, given the likely contraction in the U.S. economy already underway and the stock’s apparent full value, my bias is Neutral.
Target Company
Houston, Texas-based Quest was founded to provide a wide range of