Western Pallet Magazine March 2018 | Page 19

MARCH 2018

Industry Leader CHEP Recycled Emerges from Spinoff as 48forty Solutions

When Brambles Limited announced plans to divest itself of its North American recycled pallets business last August, it indicated that CHEP Recycled’s growth outlook would improve under alternative ownership.

Less than five months later, Grey Mountain Partners, a Boulder, Colorado-based private equity firm, seized the opportunity to purchase the spinoff and completed the acquisition of CHEP Recycled on February 14. The former CHEP Recycled is now executing a bold new name and brand image that positions it for growth while celebrating its position as the leader in one of the foundational businesses of the supply chain and logistics industry.

Kyle Otting

48forty Solutions is newest WPA member