PalletOne Completes Purchase Of Sunbelt Forest Products Corporation

BARTOW, FL – November 15, 2006 – PalletOne, Inc., America’s largest manufacturer of new pallets, announced today that it has recently completed the purchase of Sunbelt Forest Products Corporation, a pressure treated wood and fence manufacturing operation located in Bartow, Florida. Terms of the transaction were not disclosed.

“We are pleased to be a part of the PalletOne community. The company’s management style shares many similarities with our own corporate culture. We believe that through this partnership we can strategically grow our business more rapidly,” said Carl Holland, President of Sunbelt Forest Products.

According to Holland, the treating business was founded in 1982. The business serves lumber dealers, original equipment manufacturers, home centers and fence contractors primarily in the Southeast and into the Caribbean Basin.

PalletOne Chief Executive Officer and President Howe Wallace said, “We are excited to enter into the wood treating market with such a highly regarded partner. We are also pleased to be including such a capable group of managers and employees in our team.”

Nationally, PalletOne operates 16 pallet facilities in eleven states. Pallet plants are located in Selma, AL, Foreman, AR, Bartow, FL, Hazlehurst, GA, Smarr, GA, Shipshewana, IN, St. Francisville, LA, Livermore Falls, ME, Butner, NC, Mocksville, NC, Siler City, NC, New Boston, TX, Chase City, VA, Waterloo, WI and New London, WI.



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