PR94765

PULLACH, Germany, Mar. 1 /PRNewswire=KYODO JBN/ --

- Through the acquisition, IFCO Japan will become the leading provider of

Reusable Packaging Containers (RPCs) for fresh grocery products in Japan

further promoting sustainability and its business model based on the principle

of circular economy. At the same time, IFCO Japan and Sanko Group have entered

into a long-term strategic cooperation for the Japanese market.

IFCO, the world’s leading provider of Reusable Packaging Containers (RPCs) for

fresh grocery products, today announced the acquisition completion of the RPC

pooling services business of Sanko Lease, via its wholly-owned subsidiary IFCO

Japan. The acquired business will be transferred to IFCO Japan and succeeded by

IFCO Oricon Co., Ltd, which will start operations effective March 1, 2022.

Through the acquisition of the business, IFCO Japan will significantly increase

its pooling asset base and service center network and will become the largest

RPC pooling provider in the fresh grocery supply chain in the Japanese market.

Customers will benefit from the combined global and local experience and

resources of IFCO and Sanko Lease. In addition to offering nationwide coverage,

more service centers and a broader product and service portfolio, the increased

business scale will allow IFCO Oricon to develop and implement solutions to

reduce lead-times, improve RPC availability as well as streamline ordering and

invoicing systems.

Michael Pooley, CEO of IFCO Group, said: "We are delighted about this strategic

transaction and the long-term partnership with Sanko Group. In addition, we are

excited to see how bringing these two great businesses together will help IFCO

continue its mission to make the Japanese fresh grocery supply chain

sustainable."

Please find the full announcement as well as images here:

https://bit.ly/3swXDcu

Contact:

Daniela Carbone

VP - Global Marketing

Daniela.Carbone@ifco.com

+49 (0) 89/9938-8751

Source: IFCO Systems