GRAND RAPIDS, Mich. — Universal Forest Products announced that one of its affiliates has signed an agreement to purchase the operating assets of Wolverine Wood Products, Inc. Founded in 2008 in Grand Rapids, Michigan, by Mike and Bernadette Petersen, Wolverine Wood Products manufactures wood panel components for furniture, store fixtures and case goods, with anticipated annual sales of $5 million. The acquisition will expand Universal’s capacity to produce value-added wood components for customers in the Midwest. Mike Petersen, owner and president of Wolverine Wood Products, will remain with the company as general manager.