M&A Deal Summary

PalletOne Acquires Bay Wood Products

On September 3, 2019, PalletOne acquired forest products company Bay Wood Products

Acquisition Highlights
  • This is PalletOne’s 3rd transaction in the Forest Products sector.
  • This is PalletOne’s 3rd transaction in the United States.
  • This is PalletOne’s 1st transaction in Alabama.

M&A Deal Summary
Date 2019-09-03
Target Bay Wood Products
Sector Forest Products
Buyer(s) PalletOne
Deal Type Add-on Acquisition

Target

Bay Wood Products

Robertsdale, Alabama, United States
website
Bay Wood Products, Inc. is a full-service manufacturer of wooden pallets, rough-cut lumber, dunnage and crates with a recent expansion into the biofuel and mulch markets. The company is one of the largest single-site manufacturers of wooden pallets in Alabama and Mississippi, specializing in customer-designed solutions to wood packing material needs. Since 1994, the company has crafted pallets of all shapes and sizes and specifications for big industry, large petroleum companies, and chemical companies, shipping agencies, manufacturers, farmers of sod and other crops.

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Buyer(S) 1

Buyer

PalletOne

Bartow, Florida, United States

website

Category Company
Founded 2001
Sector Forest Products
Employees1,500
DESCRIPTION

Organized in 2001, PalletOne operates 17 locations in nine states that manufacture new pallets, provide pallet repair programs, recycle used pallets, and produce a variety of other wood products. With headquarters in Bartow, Florida, PalletOne’s operations also include Sunbelt Forest Products Corporation, one of the largest producers of pressure-treated lumber and residential fencing in the Southeast, and SunOne Logistics, a Southeast regional truckload carrier. Through its combined operations, PalletOne employs more than 1,500 people across 22 locations.

DEAL STATS #
Overall 3 of 4
Sector (Forest Products) 3 of 4
Type (Add-on Acquisition) 3 of 3
State (Alabama) 1 of 1
Country (United States) 3 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 North East Texas Pallet

Clarksville, Texas, United States

North East Texas Pallet, Inc. is a manufacturer and recycler of new and used pallets and produces a variety of other wood products. North East Texas Pallet, Inc. was established in 1989 and is based in Clarksville, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Dempsey Wood Products

Orangeburg, South Carolina, United States

Dempsey Wood Products produces kiln-dried lumber, pallet lumber, and other industrial wood products. Dempsey Wood Products was formed in 1988 and is based in Orangeburg, South Carolina.

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