UFP Industries announces agreement to acquire PalletOne

GRAND RAPIDS, Mich., Dec. 10, 2020 (GLOBE NEWSWIRE) — UFP Industries (Nasdaq: UFPI) today announced that its board of directors approved an agreement for UFP Industrial, LLC, to purchase 100 percent of the equity of PalletOne, Inc. for approximately $232 million. This price assumes a cash-free, debt-free balance sheet. UFP also agreed to pay $18 million for PalletOne’s recent capital expenditures. The transaction is subject to a net working capital adjustment and is expected to […]

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Where To Buy New Wood Pallets

Where can I buy new wood pallets? PalletOne Inc. manufactures and sells a complete selection of wood pallets throughout the eastern United States. At PalletOne, our company provides wood pallets for a variety of packaging and shipment needs, including pre-made new pallets, custom pallets, recycled pallets, and more. As the leading provider of wood pallets in the U.S., we proudly offer pallets made from many wood species and grades. Our pallets never fail to meet […]

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CP7 Pallets: What You Need To Know

If you are looking to find out more about CP7 pallets and the value they provide for the chemical industry, you are not alone. International customers have become meticulous in requiring the CP7 for shipments from chemical manufacturers. As many supply chain professionals have not had previous exposure to the CP pallet system, let’s take a closer look at the CP7 and its growing popularity. About CP Pallets The chemical industry developed the exacting CP […]

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What is a Heat Treated Pallet?

What is a Heat Treated Pallet? Heat treated pallets are often referred to as HT pallets, yet the concept remains the same: Heat treatment is a method of sterilizing the wood to remove all hazardous materials, thereby making the pallets safer and better suited for shipment. The process involves heating the pallet to a minimum core temperature of 56°C (132.8 °F) for at least 30 minutes. ISPM 15 Wood Pallets HT pallets are regulated by […]

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MILITARY VETERANS PLAY A CRUCIAL ROLE AT PALLETONE INC.

B.J. Kirby, now general manager of Industrial Recycling Services, retired from the U.S. Navy in 2012 as a Chief Petty Officer and highly decorated member of three SEAL teams, the Navy’s principal special operations force. He is among many of PalletOne Inc.’s employees who have served and continue to serve our nation through roles in the military. “Veteran’s Day is about remembering everyone who actually served, no matter how much time or where,” Kirby said. […]

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PalletOne Inc. Acquires Alabama-Based Bay Wood Products

PalletOne More Than Doubles Its Wood Pallet Manufacturing Capacity in Alabama with Acquisition ROBERTSDALE, Alabama (Sept. 3, 2019) – PalletOne, Inc., America’s largest new pallet manufacturer, has purchased Bay Wood Products Inc., a pallet and crate manufacturing business located in Baldwin County on the Alabama Gulf Coast. “In my heart of hearts, I knew PalletOne was the best option for our employees, customers and the community,” said Jimmy Wilson, founder and a former owner of Bay […]

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Maine Wood Products Association announces award winners

At a recent awards banquet held in Waterville, the Maine Wood Products Association (MWPA) presented its Pine Tree Award to Pallet One of Livermore Falls and its Pine Cone Award to Shaw & Tenney of Orono.

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PalletOne of Maine Receives Industry Innovation Award

Livermore Falls, ME  – October 20, 2017 – PalletOne of Maine recently earned top honors from The Maine Wood Products Association for their contributions to innovation in the local forest-based economy. The annual “Pine Tree Award” was presented to managers of the Livermore Falls, ME facility, whose recent sawmill expansion project has significantly increased their productivity and efficiency. The Livermore Falls mill is specifically designed to turn low grade hardwood logs into high grade pallet […]

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PalletOne Completes Purchase of North East Texas Pallet

Clarksville, TX – October 3, 2017 – PalletOne, Inc. (“PalletOne”), America’s largest new pallet manufacturer, announces the purchase of North East Texas Pallet, a pallet manufacturer located in Clarksville, Texas. “I am happy to join the PalletOne team. The Company’s national presence provides many growth opportunities for the Clarksville operation,” said Lance Downs, the former owner. PalletOne Chief Executive Officer Howe Wallace said, “We are excited to expand our market share in Texas. This acquisition […]

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Lumber Alert: Raw Material Costs Rise as Lumber Supply Tightens

Over recent weeks, conditions affecting the supply of pine lumber for the manufacture of pallets have deteriorated in in the Southeast and Mid-Atlantic markets. The situation is the result of two factors: mill innovations and an increase in the demand for pine lumber. The pine sawmill industry is being transformed with improvement projects focused on optimizing yield. In short, mills are being equipped with computer scanning ability and drying capability which improves the amount of higher […]

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