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UFP Industries’ UFP Retail Solutions business segment has purchased the equity of Fire Retardant Chemical Technologies, LLC, Matthew, N.C.
Established in 2014, FRCT manufactures wood treatments, including colorants, water repellents, and FlameTech fire retardants, and operates a research and development laboratory specializing in developing and testing a wide range of high-performance chemicals. It had 2019 sales of $6.4 million.
Futong Cui, founder, president and chief technology officer, will continue to head FRCT.
“We have been very impressed by UFP Industries’ commitment to innovating and harnessing technology to improve the quality and performance of their products,” Cui said. “As part of UFP, FRCT will gain a better understanding of the needs of the market. We’ll also have access to the resources we need to develop new technologies to meet those needs and bring them to market faster.”