IFCO acquisition by Triton and ADIA has been finalized
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
About IFCO Systems
Gammel
Subscribe to releases from IFCO Systems
Subscribe to all the latest releases from IFCO Systems by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from IFCO Systems
IFCO European Lift Lock containers become Cradle to Cradle Certified® Silver30.3.2021 14:00:00 CEST | Pressemeddelelse
The Lift Lock range in Europe is the first and only reusable food packaging container range with this prestigious sustainability certification
IFCO continues to deliver on its social responsibility & engagement commitment globally under difficult circumstances14.12.2020 14:57:04 CET | Pressemeddelelse
Donated RPCs, incentives for employees in most relevant roles, and support of logistics staff help to maintain food safety during the pandemic for those in need around the globe
IFCO launches new MyIFCOTM Delivery Tracking System for real-time transportation tracking together with enhanced MyIFCOTM order design8.9.2020 16:22:26 CEST | Press release
New feature updates delivery date based on real-time data on traffic conditions and enables more planning reliability for IFCO customers
Several times awarded IFCO SYSTEMS wins sustainability award by renowned newspaper La Razón3.3.2020 15:29:47 CET | Press release
The prestigious award confirms IFCO’s worldwide commitment to sustainability in order to reduce environmental impact and make the entire supply chain more sustainable
IFCO awards annual Sustainability Certificate to retailers and growers for the third year in a row20.2.2020 16:20:15 CET | Pressemeddelelse
The certificate reinforces sustainability credentials of retailers and growers in North America and Europe