GREYSTONE LOGISTICS Business Summary

Greystone Logistics, Inc. (GLGI) operates as a vertically integrated manufacturer and distributor of high-density polyethylene (HDPE) plastic pallets, generating revenue primarily through the direct sale and leasing of proprietary pallet designs to the beverage, pharmaceutical, and automotive industries. The company’s business model is anchored by its recycling segment, which processes post-consumer and post-industrial plastic waste into raw material for its manufacturing arm, Greystone Manufacturing, L.L.C., thereby reducing cost of goods sold and enhancing sustainability margins. GLGI differentiates itself through its "closed-loop" recycling system and high-capacity injection molding capabilities that allow for the production of 100% recycled content pallets. In the competitive landscape, Greystone contends with major players such as ORBIS Corporation (a subsidiary of Menasha), Rehrig Pacific Company, and Monoflo International. While larger competitors offer broader material handling portfolios, Greystone maintains a specialized market position as a high-efficiency, mid-tier provider focused on custom-engineered durability and ESG-compliant logistics solutions. The leadership team is spearheaded by Warren F. Kruger, who has served as President and Chief Executive Officer since 2003, bringing extensive experience in private equity and industrial management to the firm. The executive suite includes William "Bill" Rahhal, who serves as the Chief Financial Officer and a Director, leveraging a deep background in public accounting and corporate finance to oversee the company's fiscal strategy and SEC reporting. The Board of Directors features notable industry veterans such as Robert D. Rosene, a co-founder of the company’s predecessor, and independent directors like Jeffry L. Gainer, who provide oversight on capital allocation and operational scaling. While the company remains largely management-controlled, its strategic direction is heavily influenced by its commitment to scaling production capacity at its primary Tulsa, Oklahoma facility to meet the rising global demand for sustainable, non-wood logistics infrastructure.