Business News

Schoeller Group Sells its Twenty Percent Stake in IFCO to Brambles

Thursday 18. November 2010 - The Munich-based Schoeller Group, together with Apax, has sold its shares in IFCO to Brambles. Brambles is buying IFCO at an enterprise value of EUR 923m. As a strategic partner with a long-term supply and development contract, the Schoeller Group, which founded IFCO and developed the IFCO system and containers, will continue to contribute to IFCO's success.

“We are pleased that IFCO will now be part of a first-class, globally active company like Brambles and we wish the management every success,” said Christoph Schoeller, the Schoeller Group’s Managing Director. “The sale of IFCO also opens up new prospects for the Schoeller Group, as the proceeds are now available for further, strategically interesting acquisitions in our main areas of activity: Green Technologies and Sustainable Systems.”
The sale supports the continued growth of the Schoeller Group, which has evolved from a specialized engineering company into an international group of companies through organic growth and targeted acquisitions.
The Schoeller Group founded IFCO Systems in 1992 to enable the use of reusable containers in the retail industry in the non-beverage field. IFCO is today active in this rapidly growing market in Europe, America and Japan.