Corporate Profile for PalEx Inc., dated April 16, 1999

Business Wire, April 16, 1999

--(BUSINESS WIRE)--

The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.

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Published Date:   April 16, 1999

Company Name:     PalEx Inc.

Address:          6829 Flintlock Road
                  Houston, TX 77040

Main Telephone
 Number:          713/332-6145

Internet Home
 Page Address
  (URL)           http://www.palex.com

Chief Executive
 Officer:         Vance K. Maultsby, Jr.

Chief Accounting
 Officer:         Casey A. Fletcher

Investor Relations
 Contact:         Vance K. Maultsby, Jr.
 Business number: 713/332-6145

Public Relations
 Contact:         Jennifer Daniels
 Business number: 941/533-1148 ext. 1530

Trading Symbol/
 Exchange:        PALX / Nasdaq

Industry:         Containers & Packaging

Market Makers:    BT Alex Brown Inc., Saunders Morris Mundy Inc.,
Nationsbanc Montgomery Securities, EBI Securities, Spear Leeds &
Kellogg, Knight Securities L.P., Sherwood Securities Corp., Mayer &
Schweitzer Inc., Island System Corp.

Company description: PalEx is America's largest pallet manufacturer, pallet recycler and steel drum reconditioning company. The company's mission is to become a leader in providing material handling devices to industry, agriculture and trade with a focus on recyclable and returnable platforms and containers.

At a Glance

-- Number one provider of pallets and pallet recycling and steel drum

reconditioning systems in North America. The pallet industry is a

$6 billion industry in North America. -- Formed by pallet industry leaders to create a national provider

of material handling devices, PalEx closed its initial public

offering in March 1997 concurrently with the acquisition of three

of the leading U.S. pallet businesses with an initial pro forma

revenue of $102 million. -- Since its founding, PalEx has acquired 23 companies and has

combined 1999 "run-rate" revenues in excess of $400 million.

Currently, PalEx employs 3,600 and operates 71 facilities in 23

states and seven Canadian provinces. -- In an effort to establish a network throughout North America,

PalEx has initiated an aggressive acquisition and growth plan. In

February 1998, PalEx moved into the returnable and recyclable

container industry with the acquisition of four of the leading US

steel drum refurbishing businesses. -- PalEx is the second largest pallet pooling company in North

America through the ownership of pallets leased to members of and

its other participation in Canadian Pallet Council.

Financial Highlights

-- Total assets: $292 million (as of 12/27/98) -- 1998 revenues: $319.7 million (reported)

$379 million (run-rate)

Corporate Officers

-- Sam Humphreys, Chairman of the Board -- Vance Maultsby, Chief Executive Officer -- Joe Cruz, President and Chief Operating Officer -- Phil M. Freeman, Executive Vice President -- Casey A. Fletcher, Chief Accounting Officer and Secretary -- Edward E. Rhyne, Vice President and General Counsel