Pritzker Group acquires PECO Pallet
PECO Pallet Inc. said it has been acquired by The Pritzker Group, a private investment firm owned and controlled by J.B. Pritzker and Tony Pritzker.
The Yonkers, N.Y.-based pallet-rental company said the deal provides it with “substantial equity capital to fund the company’s continued expansion throughout the U.S., Canada, and Mexico.' Terms of the deal were not disclosed.
PECO said its wood block pallets are used by leading companies in the consumer packaged goods industries and more than 95 percent of U.S. grocery, warehouse, club and discount retailers.