Greystone Logistics, Inc. (OTCBB: GLGI) has announced the purchase of the complete line of plastic pallet molds of Montreal based SolPlast. The pallet product line includes the sizes 48×40, 48×42, 36×36, 37×37, 48×45, 24×40 display pallet, 48×45 drum pallet, and a 1200×1000 metric nestable pallet.
Senior Vice President of Sales Bob Noland stated, “We are already experiencing orders and I would be disappointed if we did not see over $1 million in new revenue generated from these pallets in the next year. Another unexpected bonus is the additional distributors that are now selling our entire product line of over twenty sizes and shapes. ”
About Greystone Logistics, Inc.
Greystone Manufacturing, located in Bettendorf, Iowa, manufactures high quality 100% recycled content plastic pallets utilizing patented and proprietary technologies. The company grinds and utilizes millions of pounds of polyethylene (PE), polypropylene (PP), and polyolefin (TPO) plastics. Greystone works with generators, collectors, and processors of plastic and is conscientiously working to decrease the amount of waste sent to landfill. Greystone has also been recognized in the past as the Iowa Recycler of the year and Goodwill of the Heartland employer of the year. The last eight years Greystone has used over 100 million pounds of post consumer or industrial plastic in their green and sustainable manufacturing process which serves the beverage, pharmaceutical and other industries. For more information visit www.greystonelogistics.com.
