ALPHARETTA, Ga.–(BUSINESS WIRE)–48forty Solutions (“48forty”), a leading national provider of recycled pallets and pallet management services, announced today that it had completed its first carve-out acquisition, purchasing the pallet recycling division operations (“Pallet Recycling Division”) of Girard Wood Products (the “Company”). The terms of the transaction were not disclosed.
Girard Wood Products has been a trusted industry name since 1961. The Company was acquired by John Vipond in 1982 and is now owned and operated by his son Scott Vipond. Girard Wood Products manufactures new and custom pallets and recycles used pallets in multiple locations in the Pacific Northwest region of the United States. The Company’s Pallet Recycling Division sits on 11 acres in Lacey, Washington, with more than 60 employees, nine tractors, and over 175 privately owned trailers. Girard Wood Products prides itself on providing consistent quality and exceptional customer service to local and national customers. Scott Vipond will retain ownership of the remainder of Girard Wood Products and continue his efforts to grow the new pallet manufacturing business.
Mike Hachtman, the CEO of 48forty, remarked, “Over the years, Scott Vipond and Girard Wood Products have been incredibly valuable and well-respected partners to 48forty. The Pallet Recycling Division is not only situated in a highly strategic location, but it is also highly efficient and well-run. This acquisition will allow 48forty to provide even better service to our customers in that region, many of whom are only a few short miles away from the plant.”
Scott Vipond, the President of Girard Wood Products, said, “We’ve worked hard at Girard to build high-quality new and used pallet programs over the years, to serve our customers with pride throughout changing market conditions. We are confident that we have chosen the right partner with 48forty, which will continue this tradition with our recycling customers in a way that’s beneficial for all stakeholders.”
ABOUT 48FORTY SOLUTIONS
48forty Solutions is one of the largest pallet management services companies in North America, with a national network of over 237 facilities, including 60 company-owned and operated pallet recycling plants, 160 onsite and 10 reverse logistics centers, five sorting centers, and more than 850 service providers. 48forty provides end-to-end pallet solutions from supply to retrieval, new and custom pallets, and reverse logistics services. We also operate one of the nation’s largest private fleets of 6,500 trailers and tractors. For more information, visit www.48forty.com or follow us on LinkedIn.
ABOUT GIRARD WOOD PRODUCTS
Girard Wood Products opened its doors in 1961. Since those early days, there have been extensive product changes and countless new developments along the way, but the commitment to quality and service has remained constant. Girard Wood Products is proudly veteran-owned, family-operated, and dedicated to maintaining an employee-centered workplace that values every team member. This pride comes through in all that they do. Find them online at www.girardwoodproducts.com.
Contacts
For 48forty Solutions:
Kristin Kopp
VP of Communications and Marketing
48forty Solutions, LLC
info@48forty.com
Phone: (305) 298-3659
