BARTOW, FL – June 27, 2002 – PalletOne of Florida was named “Vendor of The Year” for the second time in four years by the Pompano Beach branch of W.R. Bonsal, a major manufacturer of building materials in the South. “We selected PalletOne because of their service record with our plant. We know we can depend on PalletOne to get us pallets when we need them, even if it’s after 5 p.m. or on weekends,”

PalletOne, Inc. announced today that it has completed the purchase of 12 pallet manufacturing facilities in Florida, Georgia, Indiana, Louisiana, Maine, North Carolina, Texas and Wisconsin. The completion of the purchase marks the founding of PalletOne, the largest new pallet manufacturer in the United States. Terms of the deal were not disclosed. The businesses were purchased as part of a divestiture by IFCO Systems, formerly known as PalEx, which was a leading consolidator of pallet