SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
October 19, 2001
_______________
IFCO SYSTEMS N.V.
(Translation of registrant's name into English)
RIVIERSTAETE, AMSTELDIJK 166
1079 LH AMSTERDAM, THE NETHERLANDS
(Address of principal executive offices)
______________
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [_]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [_] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):__________________ N/A.
AD HOC DISCLOSURE
The ad hoc disclosure dated October 19, 2001, and filed by the registrant
with the Frankfurt Stock Exchange on October 19, 2001, regarding the completion
of the registrant's sale of certain of its pallet manufacturing facilities in
the United States, is attached to this report as Appendix A.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
IFCO SYSTEMS N.V.
(Registrant)
Date: October 25, 2001 By: /s/ Michael W. Nimtsch
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Michael W. Nimtsch
Senior Executive Vice President and
Chief Financial Officer
APPENDIX A
IFCO Systems N.V. announces sale of Pallet Manufacturing
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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AMSTERDAM, October 19, 2001, IFCO Systems N.V, announced today that it has
completed the sale of 12 pallet manufacturing facilities in Florida, Georgia,
Indiana, Louisiana, Maine, North Carolina, Texas and Wisconsin to PalletOne,
Inc.
The businesses sold for USD48.25m. After a loan due to IFCO, to be repaid within
6 to 12 months in the amount of USD1.76m and associated transaction costs, the
net cash proceeds of USD45.3m will be used to pay down debt.
IFCO Systems will remain the largest pallet recycling services company in North
America with over 60 facilities throughout United States and Canada. IFCO
Systems is a global logistics systems and service provider with an international
network of more than 160 facilities, primarily in North America and Europe. IFCO
Systems operates round-trip container (RTC) systems, which include containers
for consumer goods, pallets and industrial containers. IFCO Systems owns and
manages the leading rental pool of round-trip containers for consumer goods in
Europe and the second largest rental pallet pool in North America. It is also
the largest provider of recycled pallets and industrial container reconditioning
services in North America.