Indianapolis-based Perfect Pallets Inc., a supplier of plastic returnable pallets, has purchased the Super D pallet molds and related equipment from Bayonne, N.J.-based PDQ Plastics Inc.
Terms were not disclosed. Perfect Pallets Chief Operating Officer Amy Haag Lathrop said it was an all-cash deal. Lathrop said the deal was finalized at the end of 2019, and the process of migrating assets started in the first quarter of 2020.
"It took some time to perform some preventative maintenance and test the various molds, but we are now successfully supporting the PDQ brand within our manufacturing platform. Orders are being filled, customers are happy and the PDQ legacy continues to grow," she said.
In an Oct. 1 announcement, Perfect Pallets said PDQ's product is the most durable plastic pallets available.
"The heavy-duty Super D pallet has a reputation as being the most unbreakable plastic pallet of all time and will be well placed inside the Perfect Pallets product lineup," PDQ President Barry Nathans added.
"PDQ and Perfect Pallets have successfully collaborated together on various projects over the years, and it's a natural progression that they should take over the Super D product line," Nathans said.