SEPTEMBER 2019
including industrial recycling. Speaking to a group of Bay Wood employees in mid-August, Wilson and Wallace answered questions together about the pending sale, then Wallace shared PalletOne’s mission: “We strive to be the best blue-collar employer in the markets we serve.”
Wooden pallets are an $11 billion annual industry in the United States, employing about 67,000 men and women, according to 2016 data from the National Wooden Pallet and Container Association. On any given day, there are approximately 1.8 billion wood pallets carrying goods in the U.S.
Organized in 2001, PalletOne now operates 18 locations in nine states and manufactures new pallets, provides pallet repair programs, recycles used pallets and produces a variety of other wood products. With national headquarters in Bartow, Florida, PalletOne’s operations include Industrial Recycling Services, SunOne Logistics, and Sunbelt Forest Products Corporation, one of the largest producers of pressure-treated lumber and residential fencing in the Southeast. Through its combined operations, PalletOne employs more than 1,500 people across 23 locations. Its annual revenues exceed $500 million annually.
PalletOne CEO Howe Wallace (left) with Bay Wood Products founder Jimmy Wilson (right) announced the acquisition of Bay Wood Products by PalletOne Inc.