Greystone Pallets by Greystone

What Greystone Pallets by Greystone does

Greystone Logistics, Inc. (OTCQB: GLGI), founded in 2003 and headquartered in Tulsa, Oklahoma, is a U.S. manufacturer of 100% recycled plastic pallets serving enterprise customers in the beverage, food, pharmaceutical, automotive, chemical, and consumer products industries. Manufacturing is concentrated at a single Bettendorf, Iowa facility powered by 88.5% renewable energy, with the company producing 20+ pallet models across Nestable, Stackable, Rackable, Beverage, Drum, and Mid-Duty categories. Named customers include Molson Coors, Diageo, Pfizer, Merck, Apotex, Walmart, Simplot, and New Glarus Brewing, alongside material-handling distributors such as One Way Solutions and Plastic Pallet & Container.

Greystone's core technology combines proprietary injection molding equipment, a patented blend of recycled petrochemical resins, and patented pallet designs that together enable low-cost production versus competitors using virgin resin. The company processes approximately 60 million pounds of recycled plastic annually with 240,000 lbs of in-house grinding capacity per 24-hour period. In April 2023, Greystone acquired Paradigm, adding extrusion capabilities that complement injection molding and led to a new extrusion profile series announced in 2024. Differentiated features include top-deck and bottom-runner grommets for high coefficient of friction, patented fire retardant technology, optional impact modifiers for cold storage to -20°F, and modular rod configurations yielding up to 30,000 lbs static load capacity on heavy-duty rackable models. The facility holds ISO 9001:2015 certification (2025).

Greystone operates four revenue streams: one-time pallet sales, recurring pallet leasing and rental pool programs supported by tracking software, sale of processed recycled reprocessed polyethylene resin (making the company a leading North American recycled-resin supplier), and a Buy-Back Recycling Program that recovers end-of-life pallets for shredding and reprocessing. Pricing is quote-based and not publicly disclosed. Go-to-market is enterprise field sales targeting major accounts in regulated and high-volume industries, supplemented by a growing distributor network, direct export channels, and alignment with plastic pallet pooling programs targeting the $1.5B+ U.S. wood pallet leasing market. Annual revenue is approximately $72 million.

Name

Greystone Pallets by Greystone

Legal name

Greystone Logistics, Inc.

Website

https://greystonepallets.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Greystone Logistics (OTCQB: GLGI) manufactures 100% recycled plastic pallets using proprietary resin blends and patented injection molding and extrusion processes. The company serves enterprise beverage, food, pharmaceutical, automotive, and chemical customers, with annual revenue of approximately $72 million.

Ownership category

akta.pro rank

Product category

Plastic Pallets / Material Handling Manufacturing

NAICS

Plastics Product Manufacturing (3261), Plastics and Rubber Products Manufacturing (326)

SIC

Miscellaneous Plastics Products (3080)

akta.pro primary industry

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

akta.pro secondary industries

Tertiary Packaging & Unitization (Palletizing, Slip-Sheeting, Strapping) (TLAIAGAC), Closed-Loop & Toll Reprocessing Services (Contract Recycling) (IMANAMAJ), Rigid Plastics Recycling (HDPE/PP, Injection/Blow Molded) (EUAIAKAF)

Keywords

• Recycled plastic pallets
• Plastic pallet manufacturing
• Material handling solutions
• Pallet pooling rentals
• Industrial shipping pallets

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Plastic Pallet Sales: Direct sale of 100% recycled plastic pallets to customers across various industries including beverage, food, pharmaceutical, automotive, and chemical sectors
2. Pallet Leasing and Rentals: Pallet pooling and rental programs utilizing tracking software for managed lease pools
3. Recycled Plastic Resin Sales: Sale of processed recycled plastic resin; Greystone is a leading North American supplier of recycled reprocessed polyethylene resin
4. Buy-Back Recycling Program: Customers sell back pallets at end of service-life to be shredded and reprocessed into new pallets, supporting the circular economy model

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Greystone Logistics designs, manufactures, and sells 100% recycled plastic pallets for industrial material handling across food and beverage, automotive, chemical, and pharmaceutical industries. The company also offers pallet pooling and rental programs as well as a Buy-Back Recycling Program supporting a closed-loop sustainability model. Production leverages proprietary injection molding equipment, a patented recycled petrochemical resin blend, and patented pallet designs to produce durable, sanitary pallets more quickly and at lower cost than competitors.

Product overview

Greystone Pallets by Greystone Logistics is a plastic pallet manufacturer offering 100% recycled plastic shipping pallets for material handling across industries including food and beverage, automotive, chemical, and pharmaceutical. The product portfolio consists of seven core pallet categories: Nestable & Export Pallets (45X45 Nestable, Export Nestable 48X40, FlatDeck Nestable 48X40, Nestable 3 Runner), Beverage Pallets (GS 56x44, GS 37X32, GS 37X37, GS 40X32, Keg Pallet 44X30), Stackable Pallets (Auto 45X48, 45X45 TreadLok), Rackable Pallets (GS 48X40 DUAL DECK, WDP 48X40 5-RUNNER, GS 1100X1200 HD, GS 48X48, GS 48X40), Mid-Duty Pallets (Mid Duty 3-Runner 48X40, GS MVP 48X40), Drum Pallets (2 Rod Valve 48X40, GS 48X45 Partial Lip, GS 48X45 No Lip, GS 48X45 Full Lip), and Customized Ink Stamping as an add-on branding service. Supporting services include Pallet Pooling and Rental Programs with tracking capabilities, and a Buy-Back Recycling Program for closed-loop sustainability. Greystone operates manufacturing facilities in Bettendorf, Iowa and is publicly traded (OTCQB:GLGI).

Differentiator

Problem solved

Functional benefit

Products and services

• 45X45 Nestable Pallet 45x45 inch nestable plastic pallet, 3.75 inches high, weighing 21 lbs with 5,000 lbs static load capacity. Designed for nestable storage and export shipping applications.
• Export Nestable 48X40 Pallet Export-grade nestable pallet in 48x40 inch standard dimension, weighing 17 lbs for lightweight export applications.
• FlatDeck Nestable 48X40 Pallet Flat deck nestable pallet in 48x40 inch standard dimension, weighing 31 lbs with 2,800 lbs dynamic load and 500 lbs racking capacity.
• Nestable 3 Runner 48X40 Pallet Three-runner nestable pallet measuring 48x40 inches, 6.25 inches high, weighing 24 lbs with 5,000 lbs static and 2,000 lbs dynamic load capacity.
• GS 56x44 Beverage Pallet Large-format beverage pallet measuring 56x44 inches, 4.5 inches high, with 7 runners and optional grommets, designed for beverage industry applications.
• GS 37X32 Beverage Pallet Compact beverage pallet in 37x32 inch dimensions, designed for beverage industry distribution applications.
• GS 37X37 Beverage Pallet Square-format beverage pallet measuring 37x37 inches with 6 runners and up to 2,100 lbs racking capacity with rod configuration.
• GS 40X32 Beverage Pallet Beverage pallet in 40x32 inch dimensions, available in 0 rod and 3 rod configurations, weighing 36-40 lbs.
• Keg Pallet 44X30 Specialized pallet for keg transport measuring 44x30 inches, weighing 51 lbs with 39 top deck and 34 bottom runner grommets.
• Auto 45X48 Stackable Pallet Stackable pallet measuring 45x48 inches with optional belt configurations (0, 2, or 4 belts), weighing 65-69 lbs.
• 45X45 TreadLok Pallet Square stackable pallet measuring 45x45 inches, 5.5 inches high, available assembled or unassembled, weighing 36.5 lbs with 8,000 lbs static load.
• GS 48X40 Dual Deck Rackable Pallet Dual deck rackable pallet measuring 48x40 inches, weighing 61-75 lbs depending on rod configuration (0-10 rods), with 16 top deck and 16 bottom runner grommets.
• WDP 48X40 5-Runner Rackable Pallet Five-runner rackable pallet measuring 48x40 inches, 5.9 inches high, weighing 45.5-49 lbs with 24 top deck grommets.
• GS 1100X1200 HD Rackable Pallet Metric-size heavy-duty pallet measuring 47.24x43.3 inches (1200x1100mm), 5.8 inches high, weighing 65.5-72.5 lbs with up to 30,000 lbs static load capacity.
• GS 48X48 Rackable Pallet Square rackable pallet measuring 48x48 inches with 28 top deck grommets, supporting up to 2,000 lbs racking capacity with rod configurations.
• GS 48X40 Rackable Pallet Standard rackable pallet measuring 48x40 inches with 6 runners, weighing 54-66 lbs, supporting up to 3,000 lbs racking capacity with 5 rod configuration.
• Mid Duty 3-Runner 48X40 Pallet Mid-duty pallet with 3 runners measuring 48x40 inches, 6 inches high, available in 0 rod (42 lbs) or 3 rod (46 lbs) configurations with varying load capacities.
• GS MVP 48X40 Mid-Duty Pallet MVP mid-duty pallet measuring 48x40 inches, 5.62 inches high, with 6 runners and configurable rod options (0, 3, 5, or 10 rods) ranging from 46-62 lbs with varying racking capacities up to 3,400 lbs.
• 2 Rod Valve 48X40 Drum Pallet Specialized valve pallet with 2 rods measuring 48x40 inches, designed for drum and valve applications in the 5-runner configuration.
• GS 48X45 Partial Lip Drum Pallet Drum pallet with partial lip design measuring 48x45 inches, 7 inches high, weighing 50 lbs with 20,000 lbs static and 3,000 lbs dynamic load capacity.
• GS 48X45 No Lip Drum Pallet Drum pallet without lip design measuring 48x45 inches, designed for standard drum handling applications.
• GS 48X45 Full Lip Drum Pallet Drum pallet with full lip design measuring 48x45 inches, providing enhanced containment for drum transport and storage.
• Customized Ink Stamping Custom branding service allowing customers to add company logos to pallets via ink stamping for brand visibility and customer loyalty enhancement.
• Pallet Pooling and Rental Programs Pallet rental and pooling programs utilizing tracking software for managed lease pools, enabling customers to rent pallets rather than purchase them outright.
• Buy-Back Recycling Program End-of-life pallet recycling program where customers sell back pallets to be shredded and reprocessed into new pallets, supporting closed-loop sustainability.

Quantifiable outcome

• 7-10X longer lifespan than wood pallets
• +6 more outcomes

Named customers12 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Reusable Packaging Association (RPA)coreOthers · 1 January 2013Greystone is a member of the Reusable Packaging Association since 2013. The RPA is a collaborative effort between manufacturers, poolers, distributors, retailers and educators to promote the environmental, safety, and economic benefits of reusable packaging.
• Local Businesses (HDPE Plastic Waste Recycling)minorOthersGreystone partners with local businesses within their community to recycle and reuse their HDPE plastic waste, supporting their circular economy model.
• Plastic Pallet Leasing ProgramscoreStrategic or Co-development PartnerGreystone has aligned themselves with plastic pallet leasing programs that utilize tracking software. U.S. wood pallet leasing revenue is over $1.5 billion annually, representing significant growth opportunity.

Scale indicators15 records

Recent moves6 records

Expansion highlights7 records

Emerging players

• CABKA Group: European manufacturer specializing in recycled plastic pallets, bulk containers, and sustainable material handling products. Compares to Greystone's recycled-resin pallet approach and export-ready product positioning.

Direct peers

• iGPS Logistics: Operates one of the largest plastic pallet pooling networks in North America, renting 100% plastic pallets to major retailers and manufacturers. Directly comparable to Greystone's plastic pallet leasing and pooling offering.
• PalletOne: One of the largest wood pallet manufacturers in North America. Serves similar beverage, food, and industrial customers; represents the incumbent wood pallet benchmark Greystone's value proposition is measured against.
• ORBIS Corporation: Menasha-owned manufacturer of reusable plastic pallets, bulk containers, and material handling solutions. Competes with Greystone across plastic reusable packaging used in beverage, automotive, and consumer goods.
• Litco International: Manufacturer of presswood export pallets and other engineered wood pallets serving food, beverage, and pharmaceutical exporters. A direct competitive substitute in export-grade pallet applications.
• Rehrig Pacific: Family-owned manufacturer of plastic pallets, recycling bins, and material handling products with a strong presence in beverage and retail. Overlaps directly with Greystone's product portfolio and customer verticals.

Broad incumbents

• Buckhorn (Myers Industries): Myers Industries subsidiary producing reusable plastic bulk containers, pallets, and material handling products for food, beverage, and industrial customers. Comparable product mix and verticals to Greystone.
• CHEP (Brambles): Global leader in pallet pooling and supply-chain logistics, operating the world's largest pallet and container pool. A broader incumbent whose pooling model competes with Greystone's leasing business and benchmarks industry standards.
• Schoeller Allibert: European-headquartered manufacturer of returnable plastic packaging and pallets serving food, beverage, automotive, and retail. A broader incumbent with comparable reusable plastic pallet technology and a global footprint.

Others

• TriEnda (Kruger Family Industries): Largest deep-draft thermoforming company in North America, also producing plastic pallets and material handling solutions. A related-party peer, as TriEnda is owned by Kruger Family Industries — the same family control that links to Greystone's CEO Warren Kruger.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/GreystonePallets
• LinkedInlinkedin.com/company/greystone-manufacturing

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Greystone Pallets by Greystone