PalletOne buys Alabama-based Bay Wood Products
PalletOne has purchased Bay Wood Products, a pallet and crate manufacturer in Baldwin County, Alabama.
“We are very pleased to welcome such a well-run operation in the southern Alabama market,” said PalletOne CEO Howe Wallace. “(Bay Wood Products founder) Jimmy (Wilson) and the Bay Wood team are well respected in our industry.”
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. PalletOne owns another pallet manufacturing plant in Selma, Alabama.
Founded Aug. 31, 1994, Bay Wood Products serves clients across the U.S. with a global reach. Producing 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.
Wooden pallets are an $11 billion annual industry in the United States, employing about 67,000 people, 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.