MUNICH, GERMANY - Kicking off this Thursday with excitement, IFCO announced that it will be entering the Baltic region through its acquisition of PlasticPack, a reusable plastic container (RPC) pooling service company based in Vilnius, Lithuania.

"Through this strategic transaction, we look forward to welcoming PlasticPack into IFCO’s global business portfolio,” Michael Pooley, Chief Executive Officer of IFCO, said. “In addition, we are excited to apply our circular economy pooling model in the fresh grocery supply chain, which will bring much-needed cost and environmental savings in the Baltic region."

Currently, PlasticPack is a market leader in providing reusable packaging in the meat and dairy supply chains in Lithuania, a release explained. The acquisition of the company is a strategic piece of IFCO’s plan to become the leading provider of RPCs for the fresh grocery supply chain in the Baltic region, including Lithuania, Latvia, and Estonia.

As part of the deal, PlasticPack will now expand its product portfolio beyond dairy and meat to include fruit and vegetable RPCs to growers and retailers. With this move, the company will become one of the first to offer foldable reusable packaging for produce in the Baltics.

“We are really excited about the opportunity to join the IFCO team, allowing us to grow our thriving business and to expand into new verticals to complement our service offering,” commented Eugenijus Michalauskas, Managing Director of PlasticPack.

With the expansion of reusable packaging in the Baltic region, IFCO continues to work toward making the fresh grocery supply chain sustainable. Additionally, combining PlasticPack and IFCO will bring together regional and global operating expertise to provide customers with an enhanced experience and the financial backing to scale the business.

To learn more about this acquisition, click here.

How will IFCO continue to expand its reach in the Baltics and beyond? Stick with AndNowUKnow to find out.

IFCO