NC-based building component manufacturer sells certain assets

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Universal Forest Products Inc. said that one of its subsidiaries has purchased certain assets of High Level Components LLC, a building component manufacturer based in Locust, North Carolina.

The transaction closed on March 31, 2014, the company said in a statement.

High Level will join Universal’s UFP Mid-Atlantic subsidiary, a component manufacturer with locations in South Carolina, Virginia, Georgia and North Carolina. The acquisition will expand Universal’s capacity in the region and allow the company to serve customers in the Charlotte, N.C., market, where it currently doesn’t have a significant presence.

“As we have assessed opportunities for growth and a stable business climate, the greater Charlotte market has been an attractive target, and the capabilities, assets and opportunities presented by High Level Components provide a strong fit for our needs and objectives,” said Universal Forest Products CEO Matthew J. Missad.

High Level Components Plant Manager Corey Misenheimer will lead the new company as general manager of operations.

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