APRIL 2016
OVTOBER 2016
OCTOBER 2018
ATLANTA–WPA-member 48forty Solutions, the largest supplier of recycled pallets in North America, announced that Norm Plotkin has assumed the role of chief executive officer. Plotkin will also continue in his position as executive chairman of the Company. Plotkin has a 30-year track record of achieving growth and operational improvement in companies in a number of industries, including distribution, retail, business services, manufacturing, and real estate.
Mr. Plotkin was most recently CEO and executive chairman of Honsador Holdings, LLC, the largest independent distributor of building products and electrical supplies in the state of Hawaii. Additionally, he has served as CEO and executive chairman of Binswanger Glass, Stratix Corporation, and Distribution International. Over the course of his career, Plotkin served as CEO of a multi-site retail operation and has held various senior management roles in the real estate, building products and retail industries. He holds a Bachelor of Arts degree from the University of Michigan and a Juris Doctor degree from George Washington University.
When Brambles Limited announced plans to divest itself of its North American recycled pallets business in August of 2017, 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, 2018. The former CHEP Recycled rebranded with a bold new name and brand image that it said positioned it for growth while celebrating its position as the leader in one of the foundational businesses of the supply chain and logistics industry.
48forty Solutions is North America’s largest pallet management services company with a national network of company-owned and operated facilities and fleet operation to serve customers. Comprehensive pallet solutions include supply and retrieval, on-site services, reverse logistics, and packaging materials delivered to national and local companies by a customer-focused network of 225 facilities and 2,200 employees. Visit www.48forty.com.
Norm Plotkin Named CEO of 48forty Solutions