Friday, July 1, 2016 9:45 am

GRAND RAPIDS, Mich. -- Universal Forest Products, Inc. as been named by Forbes magazine as the best performing company in Michigan, based on total returns. For the rating, ForbesUniversal Forest Products tracked every publicly traded company, selecting the top performer in each of the 50 U.S. states by evaluating their returns from June 8, 2015, to June 8, 2016 (with the exception of companies that did not trade for the entire period). Universal had a total rate of return of 65.6%.

"We're grateful for the recognition of the hard work of our people, who create success at the Universal family of companies," said CEO Matthew J. Missad. "We know this is just a point in time, and we continue to be focused on creating new products and services in order to keep delivering good returns for our shareholders, employees and all of our stakeholders."