GREYSTONE LOGISTICS, INC.

GREYSTONE LOGISTICS, INC. manufactures and sells plastic pallets. The company was incorporated in Delaware on February 24, 1969, initially as Permaspray Manufacturing Corporation, and underwent several name changes before becoming Greystone Logistics, Inc. in March 2005. Since December 1997, following the acquisition of Plastic Pallet Production, Inc. (PPP), Greystone has primarily focused on manufacturing and selling plastic pallets. In September 2003, Greystone acquired substantially all assets of Greystone Plastics, Inc., a manufacturer of plastic pallets for the beverage industry, through its wholly-owned subsidiary, Greystone Manufacturing, L.L.C. (GSM). Greystone's core business involves manufacturing plastic pallets using recycled plastic and selling them through GSM. Sales are conducted via a network of independent contractor distributors and direct sales by its President and sales department. As of May 31, 2026, Greystone's in-house production capacity was approximately 225,000 pallets per month. This capacity is supported by 14 injection molding machines, with 12 located in Bettendorf, IA, and 2 in Palmyra, MO. To manage overflow production, Greystone also outsources the production of pallets from injection molding machines as needed.