PalletOne Inc.

What PalletOne Inc. does

PalletOne Inc. is a U.S. wood pallet manufacturer headquartered in Bartow, Florida, and operates as a wholly-owned subsidiary of UFP Industries (NASDAQ: UFPI) under the UFP Packaging business unit. Founded in 2001 and acquired by UFP Industries in December 2020 for approximately $232 million, the company is described as the largest new pallet manufacturer in the United States, operating 90+ owned-and-operated manufacturing facilities and sawmills concentrated in the eastern United States, with recent expansion into the Upper Midwest and Northeast. The company processes over 200 million board feet of lumber annually (one source cites 1.3 billion board feet) and maintains ISO 9001 certification across 24 manufacturing locations and ISPM 15 heat-treatment compliance for export pallets.

The company's product portfolio spans new custom pallets (including GMA, HT, CP, automotive, and system pallets), recycled and remanufactured pallets, custom wooden crates and bins, mulch and wood by-products, and replacement parts. Service offerings include the Pallet Concierge® enterprise account program, unit load consulting, warehouse solutions, pallet repair programs, and specialty packaging such as the Solster Solar Panel Pallet. Manufacturing relies on automated pallet-building machines, advanced computer systems for custom design, and integrated sawmill operations.

PalletOne generates revenue primarily through one-time sales of new and recycled pallets priced per unit, supplemented by managed-services-style enterprise supply contracts (Pallet Concierge®), pallet repair and remanufacturing services, professional consulting, and by-product sales (mulch, sawdust, wood chips). The go-to-market combines direct enterprise field sales for national multi-site accounts with inside sales (phone, website quote requests) for mid-market and regional customers. End markets include logistics and supply chain, e-commerce, agriculture, manufacturing, and retail, with named customers including Quad/Graphics (Supplier of the Year) and W.R. Bonsal (Vendor of the Year). The company has executed multiple bolt-on acquisitions since 2020 (C&L Wood Products, Berry Pallets, John Rock) to extend geographic reach and capacity, while also rationalizing legacy facilities such as the 2025 Boyd Street plant closure in Virginia.

Name

PalletOne Inc.

Legal name

PalletOne Inc.

Website

https://palletone.com

Company type

Private

Founded year

2001

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

PalletOne Inc. is the largest new wood pallet manufacturer in the United States, operating 90+ owned facilities across the eastern U.S. as a subsidiary of UFP Industries, serving enterprise and regional customers in logistics, e-commerce, agriculture, manufacturing, and retail with pallets, crates, recycling, and managed pallet services.

Ownership category

akta.pro rank

Product category

Industrial Wood Packaging (Pallets and Crates)

NAICS

Wood Container and Pallet Manufacturing (32192), Wood Container and Pallet Manufacturing (321920), Wood Product Manufacturing (321)

SIC

Lumber & Wood Products (No Furniture) (2400), Paperboard Containers & Boxes (2650)

akta.pro primary industry

Pallets (Wood, Plastic, Metal, Presswood) (IMALAFAF)

akta.pro secondary industry

Wood Pallets, Crates & Industrial Wood Packaging (IMADADAJ)

Keywords

• Wood pallet manufacturing
• Industrial packaging solutions
• Pallet recycling services
• Custom wooden crates
• Pallet management programs

Headquarters

HQ city

Bartow

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. New Pallet Sales: Manufacturing and selling new custom pallets, standard pallets (GMA, HT, CP pallets), automotive pallets, and system pallets directly to customers nationwide
2. Pallet Recycling & Repair: Recycling, repairing, and remanufacturing pallets for reuse, offering repaired/reman pallets as a cost-effective alternative to new pallets
3. Custom Crates & Specialty Products: Manufacturing custom wooden crates, bins, and specialty packaging solutions; also produces mulch and other wood by-products
4. Pallet Concierge® Service: Enterprise-level pallet management and supply chain services for corporate clients with national multi-site operations
5. Unit Load Consulting: Consulting services to optimize pallet specifications, reduce costs, and improve supply chain efficiency for customers

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

PalletOne Inc. manufactures new and recycled wooden pallets, custom wooden crates and boxes, and heat-treated export-compliant pallets from its headquarters in Bartow, Florida. The company also provides pallet repair, pallet recycling, pallet management/retrieval programs, and unit load consulting to customers across more than 90 facilities in the eastern United States.

Product overview

PalletOne Inc. is a division of UFP Packaging and operates as America's largest new pallet manufacturer, offering a comprehensive portfolio of wooden pallet products and related services. The company operates over 90 manufacturing facilities and sawmills throughout the eastern United States, processing over 200 million board feet annually. The product portfolio centers on new and recycled wooden pallets (including custom, heat-treated ISPM 15, GMA, automotive, and system pallets), complemented by custom wooden crates and bins, pallet repair/remanufacturing services, and specialized offerings like mulch by-products. Service capabilities include Pallet Concierge® for national account management, Unit Load Consulting for optimization, Warehouse Solutions, and Pallet Repair Programs. All products are designed to support supply chain reliability with a focus on cost efficiency and sustainability, with over 15% of products being recycled or upcycled.

Differentiator

Problem solved

Functional benefit

Brands

• Pallet Concierge®: Exclusive access service providing corporate clients with national pallet supply network management.
• Solster Solar Panel Pallet

Products and services

• New Wooden Pallets (Block and Stringer Pallets) Manufactured new wooden pallets, including block pallets and stringer pallets, in standard and custom sizes, produced at PalletOne's 90+ eastern-U.S. facilities and sold to manufacturers, distributors, retailers, and agricultural shippers.
• Recycled / Reconditioned Pallets Recycled and reconditioned wooden pallets recovered, inspected, repaired, and resold through PalletOne's recycling operations, offered as a lower-cost alternative to new pallets for customers with appropriate specifications.
• Custom Wooden Crates and Boxes Custom-engineered wooden crates, boxes, and specialty wooden containers built to customer specifications for shipping, storage, and export of heavy, oversized, or otherwise non-standard loads.
• Heat-Treated Export Pallets (ISPM-15 Compliant) Pallets heat-treated to comply with ISPM-15 international standards for wood packaging material used in cross-border export shipments, produced and certified at PalletOne's facilities.
• Pallet Repair Services Repair of damaged pallets back to usable condition, performed at PalletOne facilities as part of its lifecycle services for customers seeking to extend pallet life and reduce waste.
• Pallet Recycling Services Collection and recycling of broken or end-of-life pallets into reusable components and recovered lumber, supporting customers' sustainability and waste-reduction programs.
• Pallet Management and Retrieval Programs Managed pallet programs in which PalletOne oversees pallet supply, delivery, retrieval, repair, and recycling for customers across multiple sites, often under contractual service agreements.
• Unit Load Consulting Consulting on unit load design, pallet specification, and packaging optimization, advising customers on the right pallet, crate, and load configuration for their shipping and storage operations.

Quantifiable outcome

• 573,417 tons CO2 saved through pallet reuse and recycling
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• UFP Packaging (UFP Industries)coreChannel Partner/ Reseller/ DistributorPalletOne Inc. is a subsidiary of UFP Packaging, a division of UFP Industries (NASDAQ: UFPI). UFP Industries acquired PalletOne for approximately $232 million in 2021. PalletOne operates as part of UFP Packaging's business unit, leveraging the parent's national platform for growth, acquisitions, and operational capabilities.

Scale indicators10 records

Expansion highlights5 records

Broad incumbents

• Packaging Corporation of America: Large publicly-traded producer of containerboard and corrugated packaging products. Comparable as a broad incumbent in paper-based industrial packaging, with overlap in protective packaging and shipping container categories.
• CHEP (Brambles): Global pallet pooling leader operating rental pallet and container networks. Competes with PalletOne primarily in pool/reusable pallets and large enterprise supply chain programs, but as a much larger incumbent.
• UFP Industries: Publicly-traded parent of PalletOne (NASDAQ: UFPI). Operates UFP Packaging alongside construction and retail building products segments, making it the most directly comparable incumbent since PalletOne's results roll up into UFPI's packaging business.
• Greif: NYSE-listed industrial packaging company with significant containerboard, corrugated, and industrial packaging operations. Adjacent competitor in protective/industrial packaging where wood pallets and paper-based packaging converge.
• Sonoco Products: Diversified global packaging manufacturer with paper, rigid plastic, and protective packaging offerings. Competes in adjacent protective packaging categories and serves similar enterprise/industrial customers.

Direct peers

• 48forty Solutions: One of the largest pallet manufacturing and recycling companies in North America with a national network of plants. Directly competes with PalletOne in new pallets, recycled/remanufactured pallets, and pallet management services.
• Kamps Pallets: National pallet manufacturer and recycler with 100+ facilities across the U.S. Closely comparable to PalletOne in scale, product mix (new, recycled, custom), and multi-site enterprise customer focus.
• Pallet Logistics of America: National pallet management, recycling, and repair services provider serving consumer goods and grocery customers. Direct competitor in pallet management and recycled pallet supply.
• Millwood: U.S. pallet and lumber packaging manufacturer with a national footprint and broad product line including new pallets, recycled pallets, and specialty industrial packaging — a close operating peer.

Emerging players

• iGPS Logistics: Provider of plastic pallet pooling and pallet management services for grocery, retail, and consumer goods customers. Competes for the same enterprise pallet pool RFPs that PalletOne targets with Pallet Concierge®.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/palletone1
• Facebookfacebook.com/palletone
• LinkedInlinkedin.com/company/palletone-inc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PalletOne Inc.