Bay Wood Products Inc. in Robertsdale announced Tuesday that they had been purchased by PalletOne, Inc., the nation’s largest new pallet manufacturer.
Organized in 2001, PalletOne 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 employs more than 1,500 people across 23 locations, including Selma’s plant on Pioneer Lane.
Jimmy Wilson, founder and former owner of Bay Wood Products said he knew that PalletOne was the best option for his employees, customers and the community.
“They understand what we do and they know our industry,” Wilson said. “As I was looking at succession plans, it was very important to me to leave our employees in good hands.”
Wilson, who founded Bay Wood Products with a group of investors 25 years ago, said he would remain as general manager of the Baldwin County business.
Founded Aug. 31, 1994, Bay Wood Products produces 190 truckloads of pallets per month. The 20-acre facility manufactures wooden pallets, rough-cut lumber, custom crates and mulch. In recent years, sales have reached $20 million annually.
With the acquisition, Pallet One CEO Howe Wallace said the southern Alabama market could
see an expansion of products and services, 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.