With annual revenues of U.S. $992 million, IFCO touted a 16% spike in year over year growth for the 2016 fiscal year.
“Fiscal year 2016 was an incredible year for our company,” said Wolfgang Orgeldinger, CEO of IFCO, in a press release. “This high rate of growth is a testament to the value our customers receive from their use of our products. We are very grateful to all of our customers, suppliers, and employees worldwide for their support.”
A key factor the company credited was the expansion of solutions for fresh products beyond fruit and vegetables and into the deli side of the store, like adoption of IFCO RPCs for meat and eggs and the launch of new solutions for bread and seafood.
Other key highlights attributed to the growth IFCO saw over the last year include:
“Our customers worldwide are focused on delivering the freshest food to consumers in the most efficient way possible, and we are committed to helping them achieve this,” said Orgeldinger. “Our business is growing because IFCO RPCs reduce costs and environmental impact, and improve product quality and efficiency throughout the supply chain.”
IFCO also invested in new innovations to enhance its service offering to customers, including the launch of the proprietary SmartGuardian™ RPC wash process control technology, a variety of innovative merchandising solutions, its new wood grain RPC for use in an expanded partnership with Walmart US, and peer-reviewed Life Cycle Analysis study comparing IFCO’s RPCs to single-use cardboard boxes.
For next year, the company said that it will continue its strong growth strategy in all markets, as well as introduce a new brand campaign to better align the company’s image with its mission and rapidly-growing, diverse business.
With more information about the global launch of this exciting new step slated for September 13th, stay tuned to Deli Market News for more.