M&A Deal Summary

48forty Solutions Acquires Girard Wood Products - Pallet Recycling Division

On June 6, 2022, 48forty Solutions acquired forest products company Girard Wood Products - Pallet Recycling Division from Girard Wood Products

Acquisition Highlights
  • This is 48forty Solutions’ 1st transaction in the Forest Products sector.
  • This is 48forty Solutions’ 10th transaction in the United States.
  • This is 48forty Solutions’ 1st transaction in Washington.

M&A Deal Summary
Date 2022-06-06
Target Girard Wood Products - Pallet Recycling Division
Sector Forest Products
Buyer(s) 48forty Solutions
Sellers(s) Girard Wood Products
Deal Type Divestiture

Target

Girard Wood Products - Pallet Recycling Division

Puyallup, Washington, United States
Girard Wood Products - Pallet Recycling Division is a manufacturer of new and custom pallets.

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Buyer(S) 1

Buyer

48forty Solutions

Alpharetta, Georgia, United States
Category Company
Founded 1992
Sector Packaging
DESCRIPTION

48forty Solutions is a whitewood pallet recycler recycling over 90 million pallets annually across its network of 73 company locations and more than 225 network facilities. 48forty serves over 2,700 customers, including manufacturers, distributors, and retailers in the distribution & logistics, food & beverage, packaging, durables, and non-durables industries. 48forty Solutions was formed in 1992 and is based in Alpharetta, Georgia.

DEAL STATS #
Overall 11 of 16
Sector (Forest Products) 1 of 2
Type (Divestiture) 2 of 2
State (Washington) 1 of 1
Country (United States) 10 of 15
Year (2022) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-08 Pallet Consultants

Savannah, Georgia, United States

Pallet Consultants is known in the pallet recycling industry for catering to customers by identifying, engineering, and solving packaging and shipping needs for high volume pallet users. Pallet Consultants was founded in 1996 and is based in Savannah, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 CALco

Richmond, Illinois, United States

CALco is a vertically integrated, full-service wooden pallet manufacturer selling both new and recycled pallets to a diverse customer base throughout the Midwest. It operations include a captive hardwood sawmill and landscape mulching capabilities to monetize scrap and unusable pallets. CALco was founded in 2006 and is based in Richmond, Illinois.

Buy -

Seller(S) 1

SELLER

Girard Wood Products

Puyallup, Washington, United States
Category Company
Founded 1961
Sector Forest Products
DESCRIPTION

Girard Wood Products is a manufacturer and supplier of wood pallets, bins, crates, and other custom wood products. Girard Wood Products was founded in 1961 and is based in Puyallup, Washington.

DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
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