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HOUSTON -- Reusable Container Company LLC, a subsidiary of IFCO Systems, has completed the purchase of the Reusable Plastic Container (RPC) Services Business of CHEP USA. Details of the transaction were not disclosed.
"This acquisition underscores our commitment to the US RPC market and makes IFCO the market leader and driving force in the industry," said Karl Pohler, chief executive of IFCO Systems N.V. "We are excited about the huge market potential and will aggressively grow our RPC business."
Said Dave Russell, president of IFCO Systems: "This purchase solidifies our commitment to our growers and retailers and to the U.S. RPC industry as a whole. It demonstrates the strength of our organization and our ability to deliver the service and product the industry demands. We are committed to ensuring uninterrupted services for all of our customers throughout the transition process."
Transitioning all CHEP USA Reusable Plastic Containers and related Wash Service Center assets to IFCO Systems will allow CHEP to continue investing in and adding customer value, by helping take costs out of the pallet and other container supply chains in the United States, said Dave Mezzanotte, CHEP's c.o.o. of CHEP. "Our entire team is committed to ensuring a seamless service transition over the coming weeks," Mezzanotte said.
IFCO Systems, an international logistics service provider with more than 150 locations worldwide, operates a pool of more than 87 million RPCs globally, which are used primarily to transport fresh produce from producers to leading grocery retailers. In the U.S., IFCO also provides a national network of pallet management services. With more than 60 million wooden pallets recycled annually, IFCO is the market leader in the industry. The company has more than 7,700 employees in 42 countries.