A synthetic wood technology, Eovations, creates an oriented, fiberized composite with wood-like performance for carpentry, but with durability and other properties beyond wood itself. An affiliate of Universal Forest Products, Eovations uses a patented extrusion process.

Universal Forest Products Inc. announced that it has successfully negotiated loan agreements with Prudential Investment Management, Inc. totaling $75 million, which will be used to refinance $40 million of existing notes and for expansionary capital, including the acquisition of Custom Caseworks, Inc., a manufacturer of commercial casework, fixtures and related products.