Chep plans IFCO take over

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Brambles, Chep’s parent company, has announced plans to take over IFCO Systems NV, which operates a pool of about 112 million reusable plastic containers.
The containers are used primarily to transport fresh produce from producers to grocery retailers. IFCO’s head office is in Amsterdam and its operations are headquartered in Pullach, Germany; Houston, Texas; and Tampa, Florida. It has operations across Europe and the USA and in South America.
Chep EMEA group president Dolph Westerbos said: “The combined entity will seek to expand geographically alongside customers and develop a wider range of innovative products and services to help growers, other food producers and retailers provide consumers with the freshest products while achieving leaner and greener supply chains.”
Once approved, the transaction would create an business with sales of some US$5 billion, of which more than $4bn would come from pooling and pallet services.

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