Brambles Limited

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Brambles Limited
Public
Traded asASXBXB
IndustryCommercial & Professional Services
Founded1875
HeadquartersSydney, Australia
Key people
Stephen Johns, Chairman
Graham Chipchase, CEO
ProductsPallets, reusable produce crates (RPCs), containers
RevenueUS$5.405 billion (2014)
US$585.0 million (2014)
Number of employees
circa 14,000 (2014)
Websitewww.brambles.com

Brambles Limited is an Australian company that specialises in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates and containers. It is listed on the Australian Securities Exchange.[1] As at 30 June 2015 Brambles employed more than 14,000 people and owned approximately 500 million pallets, crates and containers through a network of about 850 service centres.[2]

History[edit]

Brambles traces its history to 1875, when Walter Bramble established a butchery business in Newcastle, the operations of which he gradually expanded into transport and logistics. Brambles first listed in Australia in 1954, as W E Bramble & Sons Limited and entered the pallet pooling business in 1958 through the purchase of the Commonwealth Handling Equipment Pool (CHEP), from the Australian Government. This same year the company changed its name to Brambles Industries Limited and moved its head office from Newcastle to Sydney. In the years that followed, Brambles entered a number of new sectors including the waste management sector in 1970, through its Cleanaway business and the record management sector in 1979 through its Recall business.[3]

In 1975, Brambles formed a joint venture with UK company Guest Keen & Nettlefold (GKN), to establish the 'CHEP business in the UK. In the subsequent years, the CHEP business expanded throughout continental Europe, US and Asia and a second joint venture, this time for the Cleanaway business, was formed between the two companies. In 2001, the support services activities of GKN (which included interest in CHEP and Cleanaway) were merged into a separate company, Brambles Industries plc (listed on the London Stock Exchange) which then entered became a dual-listed company with Brambles Industries Limited.[3]

In 2002 the Brambles Shipping business, including the ships MV Tasmanian Achiever and MV Victorian Reliance, was sold to Toll Holdings.[4]

In 2006, Brambles streamlined its operations to focus on its pallet pooling business, CHEP' and its record management business, Recall. To this end, the company's Australian waste management business, Cleanaway Australia and its Brambles Industrial Services business were sold to Kohlberg Kravis Roberts for about A$1.2 billion.[5] Then the company sold Cleanaway UK to Veolia in a £651 million deal.[5] Following these divestments, Brambles unified its Australian and British-listed entities into a single entity, Brambles Limited, listed on the Australian Securities Exchange.[6]

In 2013, Brambles became focused on the provision of equipment pooling solutions following the demerger of the Recall information management business, which became owned by Recall Holdings Limited, a separate company listed on the Australian Securities Exchange and independent of the Brambles Group.[7]

Operations / acquisitions[edit]

Brambles has three operating segments and operations in more than 60 countries worldwide:

  • Pallets: This operating segment comprises Brambles' pallet pooling and associated services businesses, predominantly under the CHEP brand and serving customers in multiple supply chains across three key regions: Americas; Europe, Middle East & Africa; and Asia Pacific.[2]
  • RPCs: This operating segment comprises Brambles’ reusable produce crate (RPC) pooling services business, serving customers in the fresh produce sector. In North America, South America and Europe this segment operates under the IFCO brand while in Australia, New Zealand and South Africa, it operates under the CHEP brand.[2]
  • Containers: This operating segment comprises four distinct businesses: CHEP Pallecon Solutions, CHEP Aerospace Solutions, CHEP Automotive Solutions and CHEP Catalyst & Chemicals Containers.[2]

In 2008, Brambles acquired LeanLogistics, a provider of software-as-a-service (SaaS) transportation management technology and supply chain services.[8]

Since 2009, Brambles has made a number of acquisitions, the largest of which have been:

  • IFCO, a provider of pooled reusable produce crates (RPC) to the food supply chain worldwide and of pallet services in the US, for an enterprise value of €923 million (US$1,255 million). The acquisition was completed in April 2011.[9]
  • Pallecon, a provider of intermediate bulk containers in Europe and the Asia-Pacific, for €135 million (US$177 million). The acquisition was completed in January 2013.[10]

Management[edit]

The majority of the board is Australian-based, as is the board chairman Stephen Johns. Tom Gorman became CEO effective from 1 March 2017.[11]

The current board of directors are:[12]

  • Stephen Johns, non-executive chairman (independent)
  • Graham Chipchase, chief executive officer
  • Christine Cross, non-executive director (independent)
  • George El Zoghbi, non-executive director (independent)
  • Tony Froggatt, non-executive director (independent)
  • David Gosnell, non-executive director (independent)
  • Tahira Hassan, non-executive director (independent)
  • Carolyn Kay, non-executive director (independent)
  • Brian Long, non-executive director (independent)
  • Nessa O’Sullivan, chief financial officer
  • Scott Perkins, non-executive director (independent)

The executive leadership team is:[13]

  • Graham Chipchase, chief executive officer
  • Carmelo Alonso-Bernaola, senior vice president, global supply chain
  • Phillip Austin, president, CHEP Pallets Asia-Pacific
  • Robert Gerrard, group vice president, legal and secretariat
  • Rodney Hefford, chief information officer
  • Wolfgang Orgeldinger, group president, RPCs
  • Nessa O’Sullivan, chief financial officer
  • Michael Pooley, president, CHEP Pallets Europe, Middle East & Africa
  • Nick Smith, group senior vice president, human resources
  • Prasad Srinivasamurthy, president, BXB Digital

References[edit]

  1. ^ http://www.brambles.com/about-brambles
  2. ^ a b c d "About Brambles" http://www.brambles.com/about-brambles
  3. ^ a b "History" http://www.brambles.com/about-brambles/history
  4. ^ "Toll purchases Brambles' cargo ships". Sydney Morning Herald. 1 November 2002.
  5. ^ a b Cleanaway is final Brambles sell-off, Daily Telegraph, 1 July 2006.
  6. ^ Brambles ditches London listing Daily Telegraph, 30 November 2005
  7. ^ "Recall Demerger Announcement" http://www.asx.com.au/asxpdf/20131218/pdf/42lpjdrf8lg1fp.pdf
  8. ^ Brindley, Chaille (1 May 2012). "CHEP and IFCO Systems Integration: Brambles Unveils Growth and Business Strategy Plans at Investors Conference". Pallet Enterprise. Retrieved 16 October 2014.
  9. ^ "IFCO Acquisition Announcement" http://www.asx.com.au/asxpdf/20101115/pdf/31tw4qh3klx9xx.pdf
  10. ^ "Pallecon Acquisition Announcement" http://www.asx.com.au/asxpdf/20121217/pdf/42bzczb2v89pqc.pdf
  11. ^ "CEO Retirement and Appointment of Successor - Brambles" www.brambles.com 18 August 2016
  12. ^ "[1]" Sep 20, 2017
  13. ^ "[2]" Sep 20, 2017

External links[edit]