Stonepeak has plans to join Triton, a European mid-market sector-specialist investor, as a co-controlling investor in IFCO Group, a global provider of reusable packaging solutions for fresh foods.
Stonepeak will acquire a 50 percent co-controlling stake in IFCO from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for an undisclosed amount. After the transaction closes, Stonepeak and Triton will have joint and equal ownership and governance of IFCO.
Founded in 1992, IFCO manages a global logistics system that utilizes more than 400 million reusable packaging containers (RPCs) to enable more than 2.5 billion annual shipments of fresh fruits, vegetables and other perishables from producers to retailers through a closed-loop, circular supply chain. IFCO’s reusable solutions provide better cost, sustainability and automation benefits to major food retailers and producers than single-use packaging solutions. IFCO’s global operation currently serves
