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+1.14%
Close of 9 Nov 2026, in USD
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About Greystone Logistics
From its filings with the US Securities and Exchange Commission
Greystone Logistics is based in Tulsa, Oklahoma. Its shares trade on OTC under the ticker GLGI. The SEC classifies its business as special industry machinery, nec. In the fiscal year to 31 May 2026, it reported revenue of $27.5m and a net loss of $8.2m. At that date it held total assets of $37.4m and shareholders' equity of $11.5m.
Greystone Logistics, Inc. (“Greystone” or the “Company”) was incorporated in Delaware on February 24, 1969, under the name Permaspray Manufacturing Corporation. It subsequently changed its name to Browning Enterprises Inc. in April 1982, to Cabec Energy Corp. in June 1993, to PalWeb Corporation in April 1999 and to Greystone Logistics, Inc. in March 2005, as further described below. In December 1997, Greystone acquired all of the issued and outstanding stock of Plastic Pallet Production, Inc., a Texas corporation (“PPP”), and since that time, Greystone has primarily been engaged in the business of manufacturing and selling plastic pallets.
Effective September 8, 2003, Greystone acquired substantially all of the assets of Greystone Plastics, Inc., an Iowa corporation, through the purchase of such assets by Greystone’s newly formed, wholly-owned subsidiary, Greystone Manufacturing, L.L.C., an Oklahoma limited liability company (“GSM”). Greystone Plastics, Inc. was a manufacturer of plastic pallets used in the beverage industry.
Effective March 18, 2005, the Company caused its newly formed, wholly owned subsidiary, Greystone Logistics, Inc., an Oklahoma corporation, to be merged with and into the Company. In connection with such merger and as of the effective time of the merger, the Company amended its certificate of incorporation by changing its name from PalWeb Corporation to Greystone Logistics, Inc., pursuant to the terms of the certificate of ownership and merger filed by Greystone with the Secretary of State of Oklahoma.
Quoted from its 10-K, filed 31 Aug 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Materials
- Industry
- Chemicals
- Listed since
- 5 Feb 2001
- Employees
- 190
- Website
- greystonelogistics.com ↗
- Head office
- 1613 EAST 15TH STREET, TULSA, OK, 74120
- Classification
- Special Industry Machinery, NEC
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Warren KrugerChairman of the Board, President, Chief Executive Officer, Chief Financial Officer, since 2002$661,045
- Mr. Larry LebarreIndependent Director$37,500
- Mr. Drew LockardIndependent Director$37,500
- Mr. Robert RoseneIndependent Director$37,500
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Established Presence: Greystone Logistics Inc. has a strong foothold in the logistics industry, with a track record of successful operations.
- Sustainable Packaging Solutions: The company specializes in manufacturing eco-friendly, reusable plastic pallets, which are in high demand due to their durability and recyclability.
- Strategic Partnerships: Greystone Logistics Inc. has formed strategic alliances with key industry players, allowing for increased market reach and access to new distribution channels.
Weaknesses
- Dependence on Single Product Line: Greystone Logistics Inc. relies heavily on the production and sale of plastic pallets, making the company vulnerable to market fluctuations and changes in customer preferences.
- Limited Product Differentiation: While the company offers sustainable packaging solutions, there is a potential lack of differentiation compared to competitors that may offer similar products.
- Reliance on Raw Material Suppliers: Greystone Logistics Inc. relies on external suppliers for the raw materials used in its manufacturing process, which can expose the company to potential supply chain disruptions and price fluctuations.
Opportunities
- Growing Demand for Sustainable Packaging: The increasing global focus on environmental sustainability presents an opportunity for Greystone Logistics Inc. to capitalize on the rising demand for eco-friendly alternatives to traditional packaging materials.
- Expansion into New Markets: The company can explore untapped markets and geographies, leveraging its strategic partnerships and expertise in sustainable packaging solutions.
- Technological Advancements: Greystone Logistics Inc. can invest in research and development to enhance its product offerings, incorporating new technologies and materials to stay ahead of the competition.
Threats
- Intense Industry Competition: The logistics industry is highly competitive, with numerous players offering similar products and services. Greystone Logistics Inc. faces the threat of losing market share to existing competitors or new entrants.
- Economic Volatility: Fluctuations in the global economy, including changes in exchange rates, inflation, or recessionary periods, can impact customer spending and demand for packaging solutions.
- Regulatory Changes: Changes in environmental regulations or packaging standards may require Greystone Logistics Inc. to make costly adjustments to its processes or product lines.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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