Frankfurt (Germany), 25 February 2019 –
IFCO is the leading global provider of reusable packaging solutions for fresh foods, serving customers in more than 50 countries. IFCO operates a pool of over 290 million Reusable Plastic Containers (RPCs) globally, which are used for over 1.3 billion shipments of fresh fruits and vegetables, meat, poultry, seafood, eggs, bread, and other items from suppliers to grocery retailers every year.
Peder Prahl, Director of the General Partner for the Triton funds, said: 'We look forward to actively supporting the management and employees of IFCO as a stable owner by investing in the growth and development of the company. Our strong industry expertise, gained through other investments and strengthened by senior industry experts, will contribute in taking the company to the next level.”
Hamad Shahwan Aldhaheri, Executive Director of the Private Equites Department at ADIA, said: “IFCO is a leading global business in an attractive and growing market, with a broad geographic footprint and strong sustainability credentials. This transaction aligns with our approach of making strategic investments alongside proven partners, supporting innovative businesses with competitive advantages and resilient earnings.”
Stephan Förschle, Investment Advisory Professional and advisor to the Triton Fundssaid:IFCO operates in a structurally growing market driven by underlying mega trends with an attractive product portfolio and strong market position in their geographies they are operating in. We look forward to applying our experience from other corporate carve out processes to build and grow the company further.”