GLGI
Industry:
Capital Goods

DESCRIPTION

Greystone Logistics manufactures and sells plastic pallets, primarily using recycled high-density polyethylene (HDPE). The company designs rackable, nestable, monoblock, and specialty custom pallets for customers across the beverage, pharmaceutical, and retail sectors for use in warehouse operations and closed-loop distribution systems. Greystone sells pallets through an internal sales team and independent distributor networks. Alongside pallet manufacturing, Greystone processes recycled plastic by grinding, granulating, and pelletizing HDPE for its own production and as a contract service for third parties. Greystone also uses its injection molding and extrusion capacity for contract manufacturing of non-pallet plastic products. The company generates revenue primarily from direct pallet sales, where volume and pallet specifications determine pricing, while recycled resin and manufacturing labor represent its primary costs. Greystone is also developing a closed-loop pallet leasing business, embedding cellular tracking devices into pallets to provide location and condition data in exchange for recurring service fees.

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