Triton, a wholly-owned subsidiary of Abu Dhabi Investment Authority (ADIA) has entered into an agreement to divest around 50% stake in IFCO Group, a top global supplier of reusable packaging containers (RPCs) for fresh foods, to Stonepeak, a leading US-based alternative investment firm specialising in infrastructure and real assets.
A European mid-market sector-specialist investment firm and existing investor in IFCO, Triton will continue to remain its committed partner, and together with Stonepeak, will have a joint and equal ownership and governance of IFCO.
Founded in 1992 in a small town in Germany, IFCO today manages a global logistics system that utilises over 400 million 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.
Hamad Shahwan Aldhaheri, Executive Director of ADIA’s Private Equities Department, says, “ADIA invested alongside Triton in IFCO’s carve-out from Brambles in 2019. Since then, IFCO has built solid foundations for the future, based on strong operational performance and enhanced digital capabilities, and is well positioned for growth. We wish IFCO, Triton, and Stonepeak continued success in the years ahead.”
Senior Managing Director at Stonepeak Nikolaus Woloszczuk, says, “As the operator of the largest and most established logistics network for reusable packaging in the grocery supply chain globally, IFCO represents a critical component of the logistics infrastructure delivering fresh produce. Its leadership position is underpinned by its network and scale, which deliver cost and sustainability advantages over single-use cardboard for retailers and growers.
“We are excited to partner with Triton and the IFCO team to accelerate this next chapter of growth at IFCO. With its growing presence in North America, IFCO fits squarely within our infrastructure investment strategy for the region.”
Partner and Co-Head of Business Services at Triton, Stephan Förschle, comments, “We thank ADIA for its support of IFCO and the trustful collaboration with Triton over the last six years and are looking forward to continuing our investment journey with Stonepeak. Together we share the same ambition to create value for our investors and portfolio companies. IFCO is at the core of Triton’s Business Services investment strategy, where we have many years of experience and in-depth sector know-how.”
“With the support of ADIA and Triton, IFCO has gone through a successful strategic and operational transformation and delivered strong growth. We want to thank both investors for their contribution and welcome Stonepeak as a new partner alongside Triton,” adds IFCO CEO Michael Pooley. “Stonepeak’s expertise in critical infrastructure and proven investment strategy paired with Triton’s long years of sector experience and focus on digitalisation and sustainability will contribute largely to IFCO’s growth, strengthening our market leading position globally.”
The transaction is subject to customary regulatory approvals and is expected to be completed in the fourth quarter of 2025.
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