TULSA, Okla., Jan. 14, 2026 (GLOBE NEWSWIRE) -- Greystone Logistics (OTCQB: GLGI), a leading manufacturer of recycled plastic pallets and supply chain solutions, today unveiled a groundbreaking initiative designed to transform pallet supply chain management for enterprises nationwide: advanced cellular-based tracking and tracing for plastic pallets coupled with tailored rental and lease programs. The new program dubbed “Palletrip”, introduces a lightweight recycled plastic, cellular tracked pallet, designed ...

Core Viewpoint - Private credit lenders are set to take control of 48Forty Solutions through a proposed restructuring, following a significant debt provision to support its acquisition by Summit Partners [1][2]. Group 1: Restructuring Details - A group of lenders, including Antares Capital, KKR & Co., BlackRock Inc., and Carlyle Group Inc., will exchange approximately $1 billion of liabilities for equity in 48Forty as part of the restructuring [2][3]. - Lenders will inject around $75 million of new debt into 48Forty during the restructuring process [3]. - The restructuring proposal includes potential cost-cutting measures, which may involve closing multiple pallet recycling plants, although no final decisions have been made [6]. Group 2: Financial Performance - 48Forty has stopped paying interest on its debt as of August, indicating financial distress [5]. - FS KKR Capital Corp. marked down the value of its loan to 48Forty to about 46 cents on the dollar in Q3, down from around 86 cents a year ago, reflecting a significant decline in the company's financial health [5]. Group 3: Governance Changes - The restructuring will involve appointing a new board for 48Forty, with Antares and KKR each having two appointments, while Carlyle and BlackRock will jointly agree on one, and the last seat will be reserved for the CEO [7].

Core Insights - Greystone Logistics is recognized as a leading manufacturer of recycled plastic pallets, focusing on sustainable logistics solutions [1][4] - An independent analysis by BeyondSPX Research, published on September 4, 2025, evaluates Greystone's business model, operational efficiency, and growth prospects [2][3] Company Overview - Greystone Logistics specializes in the design, manufacturing, and sale of high-quality 100% recycled plastic pallets, serving various industries including food and beverage, automotive, chemical, pharmaceutical, and consumer products [4] - The company utilizes proprietary technology and a unique blend of recycled plastic resins, enabling rapid production of pallets at lower costs compared to traditional methods [4] Strategic Initiatives - The report highlights Greystone's strategic initiatives and commitment to innovation, showcasing how the company is addressing industry challenges while seizing opportunities for expansion and profitability [2][3] - CEO Warren Kruger emphasizes that the independent analysis validates the company's strategic direction and commitment to delivering value to shareholders and customers [3]