DATELINE  EVENTS
1996
Three leading regional pallet companies, Ridge Pallets, Fraser Industries and Interstate Pallet,
join to form PalEx, Inc.
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| 1997 |
PalEx completes its initial public offering and uses funds to purchase 9 other leading pallet businesses including Sheffield Lumber and Pallet (North Carolina) and New London Pallet, Inc. (Wisconsin) |
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| 1998 |
PalEx continues its mission to become a national pallet supplier with 6 key acquisitions including Shipshewana Pallet (Indiana), Isaacson Lumber Company (Maine), Southern Pallet (North Carolina) and Duckert Pallet Co. (Wisconsin) |
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| 1999 |
PalEx announces it will merge with the International Food Container Organization, a European leader of returnable plastic container pools. The new company will become IFCO Systems, a world leader in reusable material handling systems. |
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| 2000 |
PalEx-IFCO merger complete. IFCO acquires 3 leading pallet recycling businesses, while announcing decision to divest from new pallet manufacturing business in an effort to focus on its core business of reusable systems. |
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| 2001 |
The management team overseeing IFCO's pallet manufacturing division forms a privately held ownership group, called PalletOne, and purchases the 12 IFCO facilities. |
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| 2002 |
Today almost all of the PalletOne facilities are run by the same experienced team that was in place prior to the PalEx acquisition. |
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