IFCO Systems

IFCO announces acquisition by Triton for US$ 2.5 billion

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Pullach, Germany - 26. February 2019: 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

Contacts

Contact:


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

Links

About IFCO Systems

IFCO Systems
IFCO Systems

Munich, Germany

https://www.ifco.com

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IFCO achieves 2 billion reusable packaging shipment milestone enabling customer environmental savings17.2.2023 08:05:52 EET | Press release

Munich, Germany, February 16, 2023:IFCO, the world’s leading provider of Reusable Packaging Containers (RPCs) delivered over 2 billion reusable packaging shipments of fresh produce, meat, poultry, seafood, eggs, bread, and other fresh grocery products during 2022. With a circular economy business model based on share-reduce-reuse principles, IFCO enabled its supply chain customers to achieve substantial environmental savings. In comparison with single-use packaging alternatives, IFCO RPCs reduce carbon emissions, water and energy usage, solid and food waste generation, and timber consumption. By sharing and reusing IFCO RPCs across global fresh product supply chains, in 2022 IFCO customers saved: 614,072 metric tons of CO2e - equivalent to driving to the moon 8,900 times 11.8 million cubic meters of water - equivalent to 4,736 Olympic sized pools 42,214 terajoules of electricity - enough to power over 5.2 million electric vehicles for a year 339,116 metric tons of solid waste - equival

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