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GRAND RAPIDS, Mich. - Edge, a manufacturer of exterior trim, siding, and interior accents, announced Wednesday an expansion of its partnership with Associated Building Material Distributors of America, Inc. (ABMDA) to increase its distribution network throughout the United States and Canada. The expansion comes as parent company UFP Industries (NASDAQ:UFPI), a $6 billion market cap building products manufacturer, maintains strong financial health with more cash than debt on its balance sheet, according to InvestingPro data.
The expanded partnership marks Edge’s entry into Canadian markets while strengthening its U.S. presence. The collaboration will focus on distributing Edge’s product lines including EvoTrim, ForgeWood thermally modified siding, and the Timeless line of interior accent boards.
"ABMDA’s strong presence in the market coupled with their dedication to excellence makes them an invaluable partner," said Dom Beaulieu, Managing Director of Edge, according to the press release.
Brendan Moloney, Director of Sales for Edge, noted the "powerful synergies" between the two organizations in terms of values and practices.
The rollout of Edge products to ABMDA member distributors is scheduled to continue through the end of 2025. The partnership aims to leverage ABMDA’s regional expertise to enhance support for builders seeking Edge’s product offerings.
Edge is a brand of UFP Retail Solutions, a business segment of UFP Industries (NASDAQ:UFPI), which is headquartered in Grand Rapids, Michigan, with facilities across North America, Australia, Europe, and Asia.
The information in this article is based on a company press release statement.
In other recent news, UFP Industries reported its second-quarter earnings for 2025, which did not meet analysts’ expectations. The company announced an earnings per share (EPS) of $1.70, falling short of the projected $1.86. Additionally, revenue was slightly below forecasts, coming in at $1.84 billion compared to the anticipated $1.85 billion. DA Davidson maintained its Neutral rating on Universal Forest Products, holding the price target at $110. The firm noted that the company’s performance was weaker than expected, primarily due to lower-than-expected Retail volume and gross margin. DA Davidson attributed some of the challenges to immediate headwinds from certain shelf-space losses. The anticipated benefits from shelf-space gains have been slower to materialize, according to the firm. These developments highlight recent challenges faced by UFP Industries.
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