Greystone Logistics, Inc. (Greystone), through its subsidiaries, is engaged in the manufacture and marketing of plastic pallets and pelletized recycled plastic resin. The Company is a leasing company that is engaged in the beverage, pharmaceutical and other industries, among others. Greystone processes recycled plastic into pellet form which may be sold or used in Greystone's production of pallets. Greystone also provides tolling services whereby it grinds and pelletizes a customer's plastic material for a fee. The Company sells its pallets through a network of independent contractor distributors and direct sales. Its offerings include beverage pallets, display pallets, drum pallets, mid-duty pallets, nestable and export pallets and runners, and rackable pallets. As of May 31, 2016, Greystone had an aggregate in-house production capacity of approximately 85,000 pallets per month for its medium and heavy-duty pallets, and 20,000 for its lightweight nestable pallets.