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You are here: Home / Announcements / Pallet Company Merger and Acquisition Tracker

Pallet Company Merger and Acquisition Tracker

January 16, 2023 By Rick LeBlanc

Given the pace of recent pallet company merger and acquisition activity, we have started tracking deals involving pallet companies from September 2021 to the present. Scroll down to find our list.

pallet company merger and acquisition activity

Contents

    • 0.1 Why the flurry of pallet company merger and acquisition activity?
  • 1 Pallet company merger and acquisition activity
    • 1.1 46  John Rock Acquired by Kamps: 1st Acquisition of 2023
    • 1.2 45  Millwood Acquires 2nd Company in Texas
    • 1.3 44  Millwood Acquires Southworth Wood Products, Marks 35th Location
    • 1.4 43  48forty Solutions, LLC Acquires California-Based Dependable Pallet Logistics
    • 1.5 42  Rotom Europe acquires Hoppichler Pallets in Czech Republic
    • 1.6 41  Rotom Europe acquires Hoppichler Pallets in Czech Republic
    • 1.7 40  Kamps Acquires Realm Companies LLC
    • 1.8 39  Kamps, Inc. Announces Opening of Pallet Recycling Facility in Connecticut
    • 1.9 38  Nefab acquires cargopack group
    • 1.10 37  Millwood Acquires Austin Pallet
    • 1.11 36  48forty Solutions Completes Acquisition of Innovative Data Systems, Inc
    • 1.12 35  Kamps, Inc. Acquires Minnesota-Based Northland Pallet, Inc., Marks 3rd Acquisition in 30 Days
    • 1.13 34  48forty Solutions Completes Acquisition of Pallet-Ops
    • 1.14 33  PLA Acquires TaylorMade Pallets & Logistics
    • 1.15 32  Kamps, Inc. Acquires Two Pallet Operations in Florida
    • 1.16 31  48forty Solutions Completes Acquisition of CALco Pallets
    • 1.17 30  Mercer International Inc. to Acquire Holzindustrie Torgau (‘HIT’) Significantly Expanding Its Solid Wood Operations
    • 1.18 29  UFP affiliate PalletOne acquires a 50 percent stake in Dempsey Wood Products, LLC
    • 1.19 28  48forty Solutions Acquires Girard Wood Products Recycling Division
    • 1.20 27  Pallet Logistics of America Acquires Propak
    • 1.21 26  Millwood Acquires Cleveland Custom Pallet & Crate, Inc.
    • 1.22 25  SDR Ventures Advised L&R Pallet on Kamps Deal
    • 1.23 24  Summit Partners Invests in 48forty
    • 1.24 23  Pallet Consultants Acquired by 48forty Solutions
    • 1.25 22  48forty Solutions Acquires Bo’s Pallets
    • 1.26 21  48forty Solutions Acquires Nazareth Pallet
    • 1.27 20  Kamps Acquires L&R Pallet
    • 1.28 19  ARC Group Worldwide Closes Business Combination with RM2
    • 1.29 18  Paramount Pallet Acquires IPS Industrie De Palettes Standard (I.P.S.) Inc.
    • 1.30 17  Berry Industrial Group Purchased by Olympic Forest Products
    • 1.31 16  Kamps Acquires Greenway Products & Services
    • 1.32 15  48forty Solutions Acquires Industrial Pallet
    • 1.33 14  Pallet recycling leader Kamps acquires Gorgo Group
    • 1.34 13  Palltronics to Invest More Than $25 Million in New Production Site in Mocksville NC
    • 1.35 11  48forty Solutions Acquires Allegheny Recycled Products
    • 1.36 10  ARC Announces Intent to Acquire RM2
    • 1.37 9  Dutch Star Companies TWO and Cabka confirm exclusive discussions on future cooperation
    • 1.38 8  Kamps, Inc. Acquires Tritz Pallet, Inc.
    • 1.39 7  Pallet Logistics of America Acquires Pal-Serv
    • 1.40 6  UFP Industries acquires controlling equity position in Ficus Pax
    • 1.41 5  Smart Retur Adds Provipal to Its Nordic Network
    • 1.42 4  Launch of Pallet Loop for UK Construction Sector Offers Pooling Solution to Support Circular Aspirations
    • 1.43 3  PECO Pallet Expands Network with New Company-operated Facility
    • 1.44 2  48forty Solutions Continues Growth with the acquisition of J&B Pallet
    • 1.45 1  SmartRetur acquires Stockholm area pallet supplier

Why the flurry of pallet company merger and acquisition activity?

While some longtime industry observers question the value creation opportunities offered through M&A activity, others, including private equity interests, clearly see the value in consolidation. Previous industry consolidation efforts by groups such as PRANA and Pallet Pallet failed over 20 years ago, but there are several key differences now, including the need for more credit to offset spiraling material costs, price constraints, labor issues, and the growing importance of national procurement. As Pallet Enterprise recently noted regarding pallet company mergers & acquisitions:

According to industry sources, both 48forty Solutions and Kamps Inc. are poised to make more M&A deals in 2022. A number of major outside investors have looked into the pallet industry over the last year, and another major financial player could enter the market any day now. It doesn’t look like consolidation will slow in the next year or so. One big reason is that acquiring plants and companies is a good way to secure new accounts, seize control of cores and find talented people in a dry labor market. The right fit can help these mega recyclers fill holes in their network.

While the consolidation drive dominates industry conversation, informal and formal networking or partnering programs are other approaches to broadening market coverage.

Pallet company merger and acquisition activity

46  John Rock Acquired by Kamps: 1st Acquisition of 2023

JANUARY 10, 2023

The Kamps, Inc. acquisition of John Rock, Inc., strengthens the pallet company’s mid-Atlantic capabilities and enhances its value chain nationwide. Grand Rapids, MI, January 10, 2023 – Kamps, Inc., one of the nation’s leading pallet … [Read more…]

45  Millwood Acquires 2nd Company in Texas

DECEMBER 13, 2022

Red Express Pallet Company, located in Waco, Texas, becomes the second aquisition in Texas by Millwood. Vienna, OH, December 2022 – Millwood, Inc. acquired its second Texas and 36th location nationwide. Millwood Co-owners and Partners Chip … [Read more…]

44  Millwood Acquires Southworth Wood Products, Marks 35th Location

NOVEMBER 30, 2022

The acquisition is Millwood’s second location in Waverly, OH  Vienna, OH, November 2022 – Millwood, Inc. acquired its second location in Southern Ohio and 35th location nationwide. Company co-owners and Partners Chip Trebilcock and Steve … [Read more…]

43  48forty Solutions, LLC Acquires California-Based Dependable Pallet Logistics

NOVEMBER 29, 2022

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 … [Read more…]

42  Rotom Europe acquires Hoppichler Pallets in Czech Republic

NOVEMBER 15, 2022

Hoppichler Pallets, Bins, Wooden Packaging Materials Spol Sro based in Kaplice, Czech Republic will expand its range of offerings under new ownership. Rotom, one of the largest European suppliers of sustainable load carriers and services, is … [Read more…]

41  Rotom Europe acquires Hoppichler Pallets in Czech Republic

NOVEMBER 15, 2022

Hoppichler Pallets, Bins, Wooden Packaging Materials Spol Sro based in Kaplice, Czech Republic will expand its range of offerings under new ownership. Rotom, one of the largest European suppliers of sustainable load carriers and services, is … [Read more…]

40  Kamps Acquires Realm Companies LLC

NOVEMBER 4, 2022

Kamps, Inc. strengthens its pallet capabilities and expands its portfolio of services with the acquisition of Realm Companies LLC, a multi-entity company based in Iowa. Realm is the parent company of WestWind Logistics LLC. Transaction marks … [Read more…]

39  Kamps, Inc. Announces Opening of Pallet Recycling Facility in Connecticut

OCTOBER 27, 2022

Not an acquisition but a greenfield site announcement, Kamps, Inc., one of the nation’s leading pallet companies, has announced the opening of a new plant in Connecticut … [Read more…]

38  Nefab acquires cargopack group

OCTOBER 3, 2022

JÖNKÖPING, Sweden, Oct. 3, 2022 – Nefab Group AB has acquired cargopack group, Switzerland’s leading company in industrial packaging and logistic services, to further strengthen its European market position and commitment to saving resources in … [Read more…]

37  Millwood Acquires Austin Pallet

SEPTEMBER 24, 2022

The Austin Pallet acquisition marks Millwood’s first Texas location and 34th location nationwide. Vienna, OH, September 2022 – Millwood, Inc. acquired its first Texas and 34th location nationwide. Millwood Co-owners and Partners Chip … [Read more…]

36  48forty Solutions Completes Acquisition of Innovative Data Systems, Inc

SEPTEMBER 13, 2022

Houston, TX – 48forty Solutions, a leading national provider of recycled pallets and pallet management services, today announced that it had acquired Florida-based software company Innovative Data Systems (IDS), Inc.  The terms of the transaction … [Read more…]

35  Kamps, Inc. Acquires Minnesota-Based Northland Pallet, Inc., Marks 3rd Acquisition in 30 Days

SEPTEMBER 12, 2022

GRAND RAPIDS, MI – Kamps, Inc., one of the nation’s leading pallet companies, has announced the acquisition of Northland Pallet, Inc., located in Hugo, Minnesota. Northland Pallet specializes in pallet recycling and pallet … [Read more…]

34  48forty Solutions Completes Acquisition of Pallet-Ops

SEPTEMBER 9, 2022

HOUSTON – 48forty Solutions, a leading national provider of recycled pallets and pallet management services, has announced its acquisition of Texas pallet management leader Pallet-Ops. The terms of the transaction were not disclosed. 48forty is a … [Read more…]

33  PLA Acquires TaylorMade Pallets & Logistics

AUGUST 30, 2022

The addition of TaylorMade’s San Antonio facility expands PLA’s asset-based footprint and strengthens service capabilities. Dallas, Texas, August 30, 2022 – PLA, a portfolio company of Silver Oak Services Partners, LLC and an asset-based pallet … [Read more…]about PLA Acquires TaylorMade Pallets & Logistics

32  Kamps, Inc. Acquires Two Pallet Operations in Florida

AUGUST 30, 2022

Kamps increases its Florida footprint with the completion of a pair of strategic acquisitions. GRAND RAPIDS, MI, Aug 30, 2022 – Kamps, Inc., one of the nation’s leading pallet companies, has announced the completion of two strategic … [Read more…]

31  48forty Solutions Completes Acquisition of CALco Pallets

AUGUST 25, 2022

Houston, TX – 48forty Solutions, a leading national provider of recycled pallets and pallet management services, has announced that it has acquired mid-western pallet management leader CALco Pallets. The terms of the transaction were not disclosed. … [Read more…]

30  Mercer International Inc. to Acquire Holzindustrie Torgau (‘HIT’) Significantly Expanding Its Solid Wood Operations

JULY 22, 2022

Mercer International acquisition: HIT owns and operates an integrated timber processing facility with wood pallet, lumber, biofuel, and energy production. Consideration of €270 million (approx. $275.4 million), including forecasted net … [Read more…]

29  UFP affiliate PalletOne acquires a 50 percent stake in Dempsey Wood Products, LLC

JUNE 28, 2022

Dempsey acquisition provides additional industrial wood sourcing capacity to support growth for PalletOne. GRAND RAPIDS, Mich. –  UFP Industries has announced that its affiliate, PalletOne, Inc., has acquired a 50 percent equity stake in … [Read more…]

28  48forty Solutions Acquires Girard Wood Products Recycling Division

JUNE 6, 2022

48forty’s acquisition of the recycling division of Girard Wood Products marks the company’s first carve-out acquisition. ALPHARETTA, Ga., June 06, 2022 – 48forty Solutions, a leading national provider of recycled pallets and pallet management … [Read more…]

27  Pallet Logistics of America Acquires Propak

June 07, 2022

Pallet Logistics of America, a portfolio company of Silver Oak Services Partners, LLC and an asset-based pallet management services provider, has acquired Propak, a leading supply chain services provider … [Read more…]

26  Millwood Acquires Cleveland Custom Pallet & Crate, Inc.

MAY 16, 2022

CCPC is the 10th Ohio and 32nd Overall Millwood Location Vienna, OH, May 2022 – Millwood, Inc. acquired its 10th Ohio and 32nd location nationwide. The acquisition was made official on May 2 after Millwood Co-owners and Partners Chip … [Read more…]

25  SDR Ventures Advised L&R Pallet on Kamps Deal

APRIL 7, 2022

GREENWOOD VILLAGE, Colo., April 7, 2022 – SDR Ventures (SDR) is pleased to announce that it served as the exclusive sell-side advisor to L&R Pallet Service, Inc., throughout the transaction process resulting in its being acquired by Kamps, Inc. … [Read more…]

24  Summit Partners Invests in 48forty

MARCH 24, 2022

48forty Solutions Announces Growth Equity Investment from Summit Partners Alpharetta, GA and Boston, MA – 48forty Solutions, a leading national provider of recycled wood pallets and related total pallet management services, has announced that … [Read more…]

23  Pallet Consultants Acquired by 48forty Solutions

MARCH 8, 2022

Pallet Consultants operates in six locations in the southeastern United States with over 285,000 square feet of facility space on 33 acres of land. With more than 350 employees, 30 power units, and over 650 privately owned trailers, Pallet … [Read more…]

22  48forty Solutions Acquires Bo’s Pallets

MARCH 4, 2022

Bo’s Pallets facility in Adairsville, GA spans over 22 acres of land and includes 75,000 square feet of manufacturing facilities, dedicated to recycled and specialty pallets. ALPHARETTA, Ga.  48forty Solutions, a portfolio company of Audax … [Read more…]

21  48forty Solutions Acquires Nazareth Pallet

MARCH 1, 2022

ALPHARETTA, Ga., March 01, 2022 – Nazareth Pallet Company has been acquired by 48forty Solutions, a portfolio company of Audax Private Equity and a leading national provider of recycled pallets and pallet management services. This is the eighth … [Read more…]

20  Kamps Acquires L&R Pallet

MARCH 1, 2022

Kamps, Inc. acquires Denver-based L&R Pallet Service, Inc., expanding the national pallet company’s footprint in the Colorado market. GRAND RAPIDS, MI, March 1, 2021 – Kamps, Inc. (“Kamps”), the nation’s leading pallet solutions provider, … [Read more…]

19  ARC Group Worldwide Closes Business Combination with RM2

FEBRUARY 3, 2022

Orlando, FL. ARC Group Worldwide, Inc. has announced the completion of the sale of its legacy assets and the closing of its business combination with RM2 International S.A. (“RM2”) on February 1, 2022. RM2 International S.A., a Luxembourg … [Read more…]

18  Paramount Pallet Acquires IPS Industrie De Palettes Standard (I.P.S.) Inc.

FEBRUARY 3, 2022

TORONTO – Paramount Pallet, a 48forty Solutions Company and a leading national provider of recycled pallets and services, today announced that it has acquired Industrie de Palettes Standard (I.P.S.) inc. This is the first acquisition Paramount has … [Read more…]

17  Berry Industrial Group Purchased by Olympic Forest Products

JANUARY 20, 2022

DLA Capital Advisors is excited to announce the sale of Berry Industrial Group, Inc. and its affiliate, Shade Lumber Company, Inc. to Olympic Forest Products of Cleveland. Berry Industrial Group, Inc., a family-owned business, was established in … [Read more…]

16  Kamps Acquires Greenway Products & Services

JANUARY 4, 2022

The move by Kamps reinforces the national pallet recycler’s presence in the Northeast. Grand Rapids MI  – Continuing to grow its footprint across the North-East region, national pallet recycler Kamps, Inc. Greenway Products & Services, LLC … [Read more…]

15  48forty Solutions Acquires Industrial Pallet

JANUARY 4, 2022

48forty Solutions, a portfolio company of Audax Private Equity, and a leading national provider of recycled pallets and pallet management services, recently announced that it has acquired Industrial Pallet. These transactions mark the fifth and sixth … [Read more…]

14  Pallet recycling leader Kamps acquires Gorgo Group

DECEMBER 24, 2021

Acquisition of Gorgo Group, a leading pallet recycler in the Philadelphia/Baltimore regions, strengthens the national pallet recycling company’s capabilities in the Northeast. GRAND RAPIDS, MI  – Kamps, Inc., one of the nation’s leading pallet … [Read more…]

13  Palltronics to Invest More Than $25 Million in New Production Site in Mocksville NC

DECEMBER 20, 2021

Palltronics, the maker of a trackable shipping pallet, has selected Mocksville NC for its first manufacturing facility. The highly-anticipated pallets are already sold out for the first three years of production, according to a press release from … [Read more…]

11  48forty Solutions Acquires Allegheny Recycled Products

DECEMBER 20, 2021

Alpharetta, GA -48forty Solutions (48forty), the leading pallet management services provider, has acquired Allegheny Recycled Products. The terms of the transaction were not disclosed. Allegheny Recycled Products operates a 500,000 square-foot … [Read more…]

10  ARC Announces Intent to Acquire RM2

DECEMBER 19, 2021

Deland, FL – ARC Group Worldwide, Inc intends to purchase RM2. ARC, a leading global provider of advanced manufacturing, says that it will sell its current operating businesses and assets (Legacy Business Sale) with plans to acquire RM2 International … [Read more…]

9  Dutch Star Companies TWO and Cabka confirm exclusive discussions on future cooperation

DECEMBER 18, 2021

Cabka and Dutch Star Companies Two in discussion Eur 47M injection to fuel company growth Dutch Star Companies TWO B.V. (“DSCT”), a special purpose acquisition company listed on Euronext Amsterdam (symbol: DSC2) is in exclusive discussions … [Read more…]

8  Kamps, Inc. Acquires Tritz Pallet, Inc.

DECEMBER 15, 2021

Tritz Pallet acquisition strengthens Kamps’ national pallet recycling capabilities and position in the Great Plains market. GRAND RAPIDS, MI, December 15, 2021 – Kamps, Inc., one of the nation’s largest pallet recyclers, is pleased to announce … [Read more…]

7  Pallet Logistics of America Acquires Pal-Serv

NOVEMBER 29, 2021

The addition of Pal-Serv’s four owned-and-operated pallet management facilities expands Pallet Logistics of America’s asset-based footprint, strengthens nationwide service capabilities. DALLAS, Nov. 29, 2021  – Pallet Logistics of America, a … [Read more…]

6  UFP Industries acquires controlling equity position in Ficus Pax

NOVEMBER 23, 2021

The move marks UFP’s first industrial presence in India GRAND RAPIDS, Mich. – UFP Industries announced that its affiliate, UFP Global Holdings Ltd., has acquired 70 percent of the equity in Ficus Pax Private Limited (Ficus Pax), a leading … [Read more…]

5  Smart Retur Adds Provipal to Its Nordic Network

NOVEMBER 18, 2021

One of Denmark’s most successful pallet companies, Provipal, will be the latest addition to the Nordic region’s leading return logistics company, SmarRetur. With a solid establishment in southern Denmark, the overall SmartRetur provides wider … [Read more…]

4  Launch of Pallet Loop for UK Construction Sector Offers Pooling Solution to Support Circular Aspirations

NOVEMBER 9, 2021

New sustainable supply chain solution set to transform delivery of building materials and help the country build back greener. The problem posed by the lack of pallet reuse in the UK construction industry took a major step towards being solved … [Read more…]

3  PECO Pallet Expands Network with New Company-operated Facility

OCTOBER 29, 2021

The operation provides local retailers, grocery and beverage distributors with high-quality rental pallet resources supporting efficient product distribution and delivery MEMPHIS, Tenn. – PECO Pallet, Inc., one of North America’s largest … [Read more…]

2  48forty Solutions Continues Growth with the acquisition of J&B Pallet

OCTOBER 13, 2021

ALPHARETTA, Ga., October 13, 2021 – 48forty Solutions, a portfolio company of Audax Private Equity and a leading national provider of recycled pallets and pallet management services, today announced that it has acquired J&B Pallet. This is … [Read more…]

1  SmartRetur acquires Stockholm area pallet supplier

SEPTEMBER 3, 2021

The Nordic region’s largest player in return logistics and pallets, SmartRetur, has acquired Jordbo Lastpall Depå AB.  Jordbro will be part of the SmartRetur family The Nordic region’s largest player in return logistics and pallets, … [Read more…]

 

Filed Under: Announcements, Pallets

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