IFCO Systems

IFCO announces acquisition by Triton for US$ 2.5 billion

26.2.2019 15:42:24 CET | IFCO Systems

Del

(Pullach, Germany): IFCO SYSTEMS, the leading global provider of reusable packaging solutions for fresh foods, today announced that its parent company Brambles has entered into a binding agreement to sell IFCO to Triton and a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), for an enterprise value of US$ 2.51 billion. The transaction is subject to customary regulatory approvals and is expected to be completed during the second quarter of 2019.

Brambles announced in August 2018 that it intended to pursue a separation via a demerger or sale. Brambles today announced that Triton and a wholly-owned subsidiary of the ADIA, have formed a partnership to acquire 100 percent of IFCO.

“This is an exciting step for our business, and we believe it will enhance our ability to strengthen ties with existing customers while driving growth”, said Wolfgang Orgeldinger, CEO of IFCO SYSTEMS. “IFCO is well positioned for its future as an independent company. The acquisition will provide us with increased flexibility and new growth opportunities in the markets we serve. I personally am very excited by this development and I am looking forward to working together with Triton and ADIA. I am confident that we are well positioned for growth which we have already demonstrated with our record financial results this past year.”

From both the financial and market share perspectives, IFCO is a strong business and a global leader in reusable plastic containers with a large addressable market and clear opportunities to capitalize on growth in the sector. In financial year 2018, IFCO generated revenues of more than US$1 billion for the first time, and achieved a growth of 8 percent.

More information:
https://www.ifco.com/en/press-releases/ifco-announces-acquisition-triton

Kontakter

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

Om IFCO Systems

IFCO Systems
IFCO Systems



http://www.ifco.com

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Walmart Selects IFCO as Exclusive Provider of Reusable Plastic Containers for Fresh Fruit & Vegetables in the U.S.8.2.2021 16:21:10 CET | Pressemelding

(Tampa, FL, USA): IFCO SYSTEMS (IFCO), the world’s largest operator of Reusable Plastic Containers (RPCs) for fresh food packaging, and Walmart, today announced the completion of a multi-year business agreement that will expand the retailer’s use of IFCO RPCs and make IFCO Walmart’s exclusive RPC packaging provider for select fresh fruits and vegetables distributed in the U.S. “IFCO and Walmart share the goal of an efficient, sustainable fresh food supply chain that helps nourish millions of Americans and billions of consumers worldwide,” said Dan Martin, outgoing President of IFCO North America. “This agreement is a win for IFCO, a win for Walmart, a win for the environment and a win for millions of grocery shoppers across America.” Under the seven-year agreement, IFCO and Walmart will build upon their longstanding collaboration, which launched in 1998 when the two companies joined forces to introduce reusable packaging in the U.S. Walmart suppliers will deliver their produce to Walma

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