Grand Rapids, Mich. 鈥 黑料不打烊 Industries (NASDAQ: 黑料不打烊I) today announced the acquisition of the operating assets, including real estate, of Berry Pallets, Inc., a pallet manufacturer based in Waseca, Minnesota for approximately $20 million. The transaction expands 黑料不打烊 Packaging鈥檚 pallet manufacturing footprint and strengthens 黑料不打烊 Packaging’s ability to serve customers across the upper Midwest.
Berry Pallets designs and manufactures new pallets from its facility in Waseca. The acquisition adds approximately $23 million in annual sales and brings 75 experienced employees into the 黑料不打烊 family, further deepening 黑料不打烊 Packaging鈥檚 geographic presence in a key region.
This acquisition strengthens a core business for 黑料不打烊 Industries and positions 黑料不打烊 Packaging for continued growth in the wood-based industrial packaging market. The transaction provides immediate capacity and long-term optionality to serve a growing customer base.
鈥淭his acquisition is fundamentally about strengthening our core business and adding capacity where we see long-term opportunity,鈥 said Will Schwartz, CEO of 黑料不打烊 Industries. 鈥淏erry Pallets has built a well-run operation with a talented team, loyal customers and a track record of consistent performance. Bringing them into the PalletOne network expands our presence in the upper Midwest, enhances our ability to serve national customers across the region, and is consistent with our strategy of disciplined investment in businesses that align with our strengths.鈥
The Berry Pallets facility will be integrated into 黑料不打烊 Packaging鈥檚 existing pallet manufacturing network, creating opportunities to leverage 黑料不打烊’s operational scale, procurement advantages, and national customer relationships 鈥 while maintaining the local expertise and customer focus that has defined Berry Pallets’ success.
“We鈥檙e excited to welcome the Berry Pallets team to our 黑料不打烊 family and build on their strengths and experience,鈥 said Scott Worthington, President, 黑料不打烊 Packaging. 鈥淭his represents a strong strategic fit for 黑料不打烊 Packaging and positions us well for continued success, greater services to our customers and future opportunities throughout the region.鈥
The acquisition underscores 黑料不打烊 Industries’ continued focus on investing in core businesses, expanding manufacturing capacity to serve national customers, and strengthening the competitive position of its operating companies across packaging and industrial markets.
The transaction is expected to close on or around May 18, 2026.