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.
Contents
- 1 Pallet company merger and acquisition activity
- 1.1 Millwood Acquires Cleveland Custom Pallet & Crate, Inc.
- 1.2 SDR Ventures Advised L&R Pallet on Kamps Deal
- 1.3 Summit Partners Invests in 48forty
- 1.4 Pallet Consultants Acquired by 48forty Solutions
- 1.5 48forty Solutions Acquires Bo’s Pallets
- 1.6 48forty Solutions Acquires Nazareth Pallet
- 1.7 Kamps Acquires L&R Pallet
- 1.8 ARC Group Worldwide Closes Business Combination with RM2
- 1.9 Paramount Pallet Acquires IPS Industrie De Palettes Standard (I.P.S.) Inc.
- 1.10 Berry Industrial Group Purchased by Olympic Forest Products
- 1.11 Kamps Acquires Greenway Products & Services
- 1.12 48forty Solutions Acquires Industrial Pallet
- 1.13 Pallet recycling leader Kamps acquires Gorgo Group
- 1.14 Palltronics to Invest More Than $25 Million in New Production Site in Mocksville NC
- 1.15 48forty Solutions Acquires Allegheny Recycled Products
- 1.16 ARC Announces Intent to Acquire RM2
- 1.17 Dutch Star Companies TWO and Cabka confirm exclusive discussions on future cooperation
- 1.18 Kamps, Inc. Acquires Tritz Pallet, Inc.
- 1.19 Pallet Logistics of America Acquires Pal-Serv
- 1.20 UFP Industries acquires controlling equity position in Ficus Pax
- 1.21 Smart Retur Adds Provipal to Its Nordic Network
- 1.22 Launch of Pallet Loop for UK Construction Sector Offers Pooling Solution to Support Circular Aspirations
- 1.23 PECO Pallet Expands Network with New Company-operated Facility
- 1.24 48forty Solutions Continues Growth with the acquisition of J&B Pallet
- 1.25 SmartRetur acquires Stockholm area pallet supplier
Why the flury 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.
Pallet company merger and acquisition activity
Millwood Acquires Cleveland Custom Pallet & Crate, Inc.
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…]
SDR Ventures Advised L&R Pallet on Kamps Deal
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…]
Summit Partners Invests in 48forty
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…]
Pallet Consultants Acquired by 48forty Solutions
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…]
48forty Solutions Acquires Bo’s Pallets
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…]
48forty Solutions Acquires Nazareth Pallet
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…]
Kamps Acquires L&R Pallet
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…]
ARC Group Worldwide Closes Business Combination with RM2
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…]
Paramount Pallet Acquires IPS Industrie De Palettes Standard (I.P.S.) Inc.
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…]
Berry Industrial Group Purchased by Olympic Forest Products
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…]
Kamps Acquires Greenway Products & Services
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…]
48forty Solutions Acquires Industrial Pallet
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…]
Pallet recycling leader Kamps acquires Gorgo Group
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…]
Palltronics to Invest More Than $25 Million in New Production Site in Mocksville NC
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…]
48forty Solutions Acquires Allegheny Recycled Products
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…]
ARC Announces Intent to Acquire RM2
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…]
Dutch Star Companies TWO and Cabka confirm exclusive discussions on future cooperation
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…]
Kamps, Inc. Acquires Tritz Pallet, Inc.
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…]
Pallet Logistics of America Acquires Pal-Serv
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…]
UFP Industries acquires controlling equity position in Ficus Pax
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…]
Smart Retur Adds Provipal to Its Nordic Network
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…]
Launch of Pallet Loop for UK Construction Sector Offers Pooling Solution to Support Circular Aspirations
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…]
PECO Pallet Expands Network with New Company-operated Facility
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…]
48forty Solutions Continues Growth with the acquisition of J&B Pallet
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…]
SmartRetur acquires Stockholm area pallet supplier
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…]