• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Reusable Packaging News

Pallet and reusable packaging news, resources and suppliers

Shuert Industries
  • Pallet and Container Playbook
  • Pallets 101
    • PLASTIC PALLET VENDORS
      • CORRUGATED PALLET VENDORS
    • IBC/Bulk Container Suppliers
      • PALLET PACK VENDORS
      • IBC/BULK CONTAINER GUIDE 2019
      • IBC/BULK CONTAINER POOLERS
  • Reusable Packaging 101
  • About Us
    • PRIVACY POLICY: REUSABLE PACKAGING NEWS
    • ADVERTISING & PARTNERSHIP INFORMATION
    • SUBMISSIONS
  • Español
You are here: Home / Financial News / 48forty Solutions, LLC Acquires California-Based Dependable Pallet Logistics

48forty Solutions, LLC Acquires California-Based Dependable Pallet Logistics

November 29, 2022 By Rick LeBlanc

48forty, Dependable Pallet

HOUSTON, Texas — 48forty Solutions, a leading national provider of recycled pallets and pallet management services, has announced its acquisition of Southern California-based pallet management company Dependable Pallet Logistics. The terms of the transaction were not disclosed. 48forty is a portfolio company of Audax Private Equity and Summit Partners. The announcement marks the latest in a flurry of pallet industry M&A announcements over the past few years.

Dependable is an Inland Empire-based pallet management company established in 1995 by Eva Sanchez. In 2011, Cain Sanchez assumed ownership of the Company. Dependable has grown steadily since that time and today employs more than 100 people. The Company focuses on pallet recycling and the production of custom pallets for its customers across Southern California, which it services via four facilities on a total of six acres. The Company operates a pallet manufacturing facility, a teardown facility where recycled materials are processed, a lumber yard, and a facility for parking and storing tractors, trailers, and excess inventory. Dependable owns and operates 120 dry vans and eight flatbeds.

Dependable Pallet’s goal is to provide customers with solutions to meet their complete pallet needs. The Company recently invested in two robotic pallet dismantlers and an urban sawmill to support its custom pallet orders, as well as a pallet production line, providing increased volumes and faster service to its customers.

“We are pleased to welcome Cain and Dependable Pallet to the 48forty Solutions family,” said Mike Hachtman, CEO of 48forty. “The acquisition helps us to expand our ability to provide seamless and complete pallet solutions to our customers throughout Southern California.”

“Dependable Pallet Logistics would not be in the position it is today without the dedication and hard work of our employees,” added Cain Sanchez, the owner of Dependable.”They helped us to establish a business that supports industry across Southern California. Becoming a part of 48forty Solutions will provide us with resources to help expand our reach in the market and provide faster turnaround times for our customers.”

Contents

  • 1  About 48forty Solutions  
  • 2 Related Articles
    • 2.1 48forty Solutions Completes Acquisition of Innovative Data Systems, Inc
    • 2.2 48forty Solutions Completes Acquisition of Pallet-Ops
    • 2.3 48forty Solutions Completes Acquisition of CALco Pallets

 About 48forty Solutions  

48forty Solutions is one of the largest pallet management services companies in North America, with a national network of over 258 facilities, including 68 company-owned and operated pallet recycling plants, 171 onsite locations, 14 reverse logistics centers, 5 sorting centers, and more than 850 service providers.  48forty provides end-to-end pallet solutions from supply to retrieval, recycled, new, and custom pallets, and reverse logistics services.  We also operate one of the nation’s largest private fleets of more than 8,200 trailers and 500 tractors.  48forty is backed by Summit Partners and Audax Private Equity.  For more information, visit 48forty.com.

Related Articles

48forty Solutions Completes Acquisition of Innovative Data Systems, Inc

48forty Solutions Completes Acquisition of Pallet-Ops

48forty Solutions Completes Acquisition of CALco Pallets

Filed Under: Financial News, Pallets

Primary Sidebar

JOIN OUR NEWSLETTER

Shuert
Orbis
CONPearl
https://reuseabletranspack.com
Schaefer
RPPContainers.com
www.filmloc.com
FreshWater-Marketing.com
SolarPowerSystems.org
Litco.com

SEARCH

Categories

Archives

COPYRIGHT © 2023 PACKAGINGREVOLUTION.NET · Log in