15/12/05 IFCO SYSTEMS Announces the Grand Opening of Three New Pallet Services Facilities; New facilities are designed to meet the growing needs of IFCO's local and national customers

IFCO SYSTEMS announced today the Grand Opening of three new Pallet Services Facilities located in Westborough, MA, Tooele, UT and Bakersfield, CA. These facilities, serving the Boston, Salt Lake City and central California markets, respectively, bring the total number of IFCO's pallet & container service centers to 53. The addition of these new locations further strengthens IFCO's position as the nation's leading asset-based pallet & container logistics services company.

All of the new facilities are situated with ample capacity for production and storage for just-in-time inventory services for area customers. These facilities will service many new customers as well as current customers including Target, Cargill, McLane Foodservice, Kmart, Office Depot, Tyson, Scotts, Rite-Aid and The Home Depot. All of the facilities will bring at least 25 new jobs to each area in the first year.

"Being a national company allows IFCO to offer a complete range of services for pallet management, from supply through recovery, reconditioning and disposal. Our broad infrastructure, expertise and flexibility mean we can develop customized, single-source solutions to improve our customers' supply chains," says Dave Russell, President, IFCO SYSTEMS North America.

IFCO SYSTEMS is an international logistics service provider with more than 150 locations worldwide. IFCO SYSTEMS operates a pool of more than 75 million RPCs (Reusable Plastic Containers) globally, which are used primarily to transport fresh produce from producers to leading grocery retailers.

In the United States, IFCO SYSTEMS also provides a national network of pallet management services. With more than 50 million wooden pallets recycled annually, IFCO SYSTEMS is the market leader in this industry. In 2004, IFCO SYSTEMS generated revenues of 495.9 million USD.

IFCO SYSTEMS is listed on the Frankfurt Stock Exchange in the Prime Standard segment (IFE1).