PalletOne purchases Texas pallet manufacturer
Oct. 5, 2017 - American pallet manufacturer PalletOne, Inc. ("PalletOne"), announced its purchase of North East Texas Pallet, a pallet manufacturer located in Clarksville, Texas.
"I am happy to join the PalletOne team," said former owner Lance Downs. "The company's national presence provides many growth opportunities for the Clarksville operation."
PalletOne chief executive officer Howe Wallace said, "We are excited to expand our market share in Texas. This acquisition enhances our operational efficiency and customer service. We are proud to have such a capable group of managers and employees join our team and excited Lance will continue with the company as a part of our leadership team."
Founded in 1989, North East Texas Pallet primarily served customers in Texas, Arkansas, Louisiana and Kansas. Producing over 100 truckloads weekly, the Clarksville facility manufactures standard, block and export pallets.
Organized in 2001 from predecessor companies, PalletOne now operates 17 locations in 9 states and manufactures new pallets, repairs and recycles used pallets and produces a variety of other wood products.
PalletOne's operations include Sunbelt Forest Products Corporation, one of the largest producers of pressure-treated lumber and residential fencing in the Southeast. Sunbelt operates four plants in Florida and Alabama.
The combined operations of PalletOne processes more than 500 million board feet of lumber annually and employs more than 1,500 people at 21 locations.
October 5, 2017 By PalletOne Inc.
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