Grey Mountain Partners has acquired CHEP Recycled Pallet Solutions, LLC, formerly a division of Brambles. CHEP Recycled is the largest whitewood pallet recycler in the North America, with a footprint of 73 locations and approximately 2,400 employees.

Kyle Otting, CEO of CHEP Recycled, said, “On behalf of our 2,400 employees in North America, I would like to thank the entire Brambles organization, whose support has led to industry-leading safety programs and enhanced the overall infrastructure of the Company. The partnership with Grey Mountain is an exciting opportunity for the Company to get back to its roots of offering simple, cost-effective pallet management solutions throughout the supply chain. Grey Mountain’s commitment to provide the resources needed to enter new markets and expand our service offering will strengthen our ability to serve our customers and offer end-to-end pallet management solutions coast-to-coast.”

Bill Ross, the Grey Mountain Affiliate Manager, said, “We are excited to announce the acquisition of CHEP Recycled. We believe there is a clear opportunity for the Company to better serve its customers as a standalone business, and we will focus on achieving operational excellence across all 73 facilities. By partnering with the management team and supporting the business with growth capital and additional resources, we hope to further grow CHEP Recycled, which is already the market leader.”

Norm Plotkin will assume the role of Chairman of CHEP Recycled, a position he has previously held at four other Grey Mountain affiliate companies.