Mike Nyberg Announces Acquisition of Packnet Ltd.

To our valued customers and partners,

It is with great pleasure and pride that our group here at Packnet Ltd. announces the recent acquisition of the company by a subsidiary of Grand Rapids, Michigan-based Universal Forest Products, Inc. effective November 25, 2014.

UFP has purchased an 80 percent interest of Packnet’s assets. Dan Schultze and I will both remain in leadership positions under the Universal organizational structure and we will continue doing business as
Packnet Ltd.

Universal Forest Products, Inc. is a $2.5 billion holding company that provides capital, management and administrative resources to subsidiaries that supply wood, wood composite and other products to the industries of retail, construction and industrial packaging. You can review information on UFP at the company’s website: www.ufpi.com.

You can expect the same great service and quality products we hope you’ve grown to expect from Packnet, but now, you also will benefit from the many advantages that come with the Universal family of companies. We have more resources available to us, more people to create ideas and solutions, and a large, financially strong company with 60 years of success behind us to help us grow our success. Universal Forest Products has approximately 80 locations throughout North America, including dozens dedicated to the industrial and packaging business. This creates opportunities for leveraging resources and expanding product and service offerings.

We welcome 2015 as an affiliate of a strong, respected international corporation poised to fuel growth by continuing to provide customized packaging solutions for our customers. We remain committed to providing you what you’ve come to expect from Packnet–and more.

Your Packnet team looks forward to answering any questions about this ownership change or discussing what new opportunities may exist for your company within our broader scope of products and services.

Sincerely,

Mike Nyberg
952.944.9124
mnyberg@packnetltd.com