UFP Industries announced that its subsidiary, Deckorators, Inc., has acquired Ultra Aluminum Manufacturing Inc. (Ultra), a leading manufacturer of aluminum fencing, gates and railing, for $25 million. The transaction includes $2 million to be paid if certain future performance goals are met.
The company said in a regulatory filing that it has implemented a series of containment measures, including activating its incident response protocols and shutting down its servers and systems. It has also hired a cybersecurity expert to examine the incident while working with law enforcement authorities.
