Reusable Packaging News January 15 2016


packaging news

January 15, 2016

Greystone Logistics, Inc. has inked an agreement to provide new generation 48×40 plastic pallets for an undisclosed national pallet pooling provider.

“Greystone signed a multi-year contract that will expand the previously announced 40,000 pallet purchase order,” stated Warren Kruger, CEO of the Tulsa-based company.

“The expected new generation mold has recently arrived and will soon be in full production," Kruger continued. "The first components of an additional injection-molding machine, which should be operational in about March 2016, are currently being delivered. This machine will be dedicated to the new customer."

"We anticipate that this new contract will have a positive impact on top line sales and generate margins in line with expectations," stated Kruger. "We foresee the need for additional molds later in the year for this customer. A significant amount of time, planning, testing and capital has been expended on this project. This undertaking was accomplished due to the energy and patience of our dedicated and knowledgeable employees.”

Greystone Logistics to Provide New Generation 48×40-Inch Plastic Pallet to Pooling Provider