03/06/2019 | Packaging

Ifco acquisition by Triton and Adia has been finalized

Ifco Systems, the leading global provider of reusable packaging solutions for fresh foods like bread or cakes, announced that the acquisition by Triton and Abu Dhabi Investment Authority (Adia) has been finalized on 31 May 2019. The two investment companies acquired Ifco for an enterprise value of USD 2.51 bn. 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 the company in 2011. Since then, it 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 centres and a global pool of over 290 m RPCs which are used in over 1.6 bn shipments from suppliers to retailers every year.

Wolfgang Orgeldinger remains CEO of Ifco and is looking forward to the future: “We are 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.”