IFCO Systems

IFCO acquisition by Triton and ADIA has been finalized

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Munich, June 3, 2019: IFCO SYSTEMS, the leading global provider of reusable packaging solutions for fresh foods, announced that the acquisition by Triton and Abu Dhabi Investment Authority (ADIA) has been finalized on May 31, 2019. The two investment companies acquired IFCO for an enterprise value of US$ 2.51 billion. This makes IFCO a fully independent company, able to act agile and flexibly and to offer the industry’s most efficient and sustainable fresh foods packaging solutions.

Brambles, the former parent company of IFCO, acquired IFCO in March 2011. Since then, IFCO has grown to be the global market leader for reusable plastic containers (RPCs) for fresh foods. Today, IFCO has 32 subsidiaries around the world, which serve more than 320 retailers and over 14,000 producers in over 50 countries. The company operates more than 75 service centers and a global pool of over 290 million RPCs which are used in over 1.6 billion shipments of fresh fruits and vegetables, meat, poultry, seafood, eggs, bread, and other items from suppliers to retailers every year. In August 2018, Brambles announced the intent to sell IFCO.

On May 31, 2019, the acquisition of IFCO by Triton and ADIA has been finalized. Wolfgang Orgeldinger remains CEO of IFCO and is looking forward to the future: “We are very excited about the future and very proud to say that IFCO is an independent company again. This independence and the support by our investors will help to drive growth by expanding our customer base, strengthen the ties with existing customers, and enable us to act more flexibly to opportunities and challenges within the markets that we serve.”

Please find the complete press release at https://www.ifco.com/en/press-releases/ifco-acquisition-triton-adia-finalized

Contacts

Contact:
HBI Helga Bailey GmbH
Stefan Schmidt
Tel.: +49 (0)89 993887-47
ifco@hbi.de

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Study: IFCO RPCs extend shelf life of fresh produce by up to 4 days6.11.2018 15:07:05 CETPress release

Pullach, Germany – 6. November 2018: IFCO, the leading global provider of reusable packaging solutions for fresh foods, announced today the results of a study on the impact of IFCO reusable plastic containers (RPCs) on the shelf life of fresh produce.IFCO RPCs extend the freshness and visual appeal of fresh fruits and vegetables for up to four days compared to single-use packaging. The study was commissioned by IFCO and conducted by Dr. Lippert Quality Management. The firm conducted realistic tests on four common products – melons, tomatoes, mushrooms and grapes – across the entire supply chain. The results show that IFCO RPCs help retailers increase profits by significantly reducing spoilage and waste, while boosting consumer satisfaction and loyalty. The RPCs already make a significant contribution to helping retailers achieve their sustainability and environmental goals and enabling them to prolong the shelf life of fresh produce extends these benefits even further. The testers conc

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