Brambles Limited Explained

Type:Public
Traded As:
formerly
Location City:Sydney
Location Country:Australia
Industry:Commercial & Professional Services
Products:Pallets, reusable produce crates, containers
Revenue:US$5.7 billion (2023)
Operating Income:US$1.072 billion (2023)
Net Income:US$703.3 million (2023)
Num Employees:12,000 (2023)
Homepage:www.brambles.com

Brambles Limited is an Australian company that specialises in the pooling of unit-load equipment, pallets, crates and containers. It is listed on the Australian Securities Exchange.

History

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 was listed on the Australian Securities Exchange 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.[1] [2]

In 1970, Brambles entered the waste disposal market with the purchase of the Australian subsidiary of Purle Brothers Holdings.[3] [4] In 1972, Brambles entered the armoured car market in partnership with Brink's.[5] In 1972, Brambles purchased the Port Jackson & Manly Steamship Company. Brambles main interest in the business, was a 50% shareholding in Tidewater Port Jackson Marine, which operated six platform supply vessels.[6] Following a threat by Brambles to withdraw the loss-making Manly ferry service, the Public Transport Commission took over the service in December 1974.[7] In 1975, Brambles formed an 80:20 joint venture with UK company Guest Keen & Nettlefold (GKN) to bring CHEP to the United Kingdom.[2] [8]

In July 1984, Grace Removals was purchased.[9] In 1988, Brambles became the largest private rail wagon operator in Europe acquiring Groupe CAIB of Brussels and Procor's United Kingdom business.[10] [11] [12] In 1996, Brambles Transport Services was sold to Toll Holdings.[13]

In 1990 Brambles acquired Econofrieght a Thornaby based heavy haulage company which was one of the biggest heavy haulage company later the business was sold in two different parts light heavy transport to GE Curtis heavy haulage a Cleveland based subsidiary owned by Sarens in 1997 and rest of the business to ALE in 1999 a Hixon based heavy haulage company which was later acquired by Mammoet in 2020.[14]

In June 2000, Brambles sold its Eurotainer container business to Ermewa[15] [16] and Brinks Brambles armoured car unit to Chubb Security.[17] [18]

In August 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.[2] [19] [20] In December 2001, the Wreckair equipment hire business was sold to Coates Hire.[21]

In March 2002, the United Transport and Brambles Project Services businesses were sold to Patrick Corporation.[22] In October 2002, the railway leasing business was sold to VTG-Lehnkering.[23] [24] In November 2002 the Brambles Shipping business, including the ships Tasmanian Achiever and Victorian Reliance, was sold to Toll Holdings.[25] [26]

In 2006, the company's Australian waste management business, Cleanaway Australia and its Brambles Industrial Services business were sold to Kohlberg Kravis Roberts.[27] [28] Cleanaway UK was sold to Veolia.[28] [29] Following these divestments, Brambles unified its Australian and British-listed entities into a single entity, Brambles Limited, that was listed on the Australian Securities Exchange in November 2006.[30] [31] [32] Brambles maintained a secondary listing on the London Stock Exchange until March 2010.[33] [34]

In December 2013, the Recall storage business was spun-off.[35]

Operations / acquisitions

External links

Notes and References

  1. Brambles…100 years of transport Network June 1984 pages 49-53
  2. https://www.brambles.com/our-history History
  3. Brambles' New Interest Australian Transport September 1970 page 23
  4. Brambles enter trade waste disposals field Freight & Container Transportation September 1970 page 14
  5. https://trove.nla.gov.au/newspaper/article/101752753 Brambles in new security company
  6. Brambles as ferry owner? Truck & Bus Transportation December 1971 page 144
  7. Ferries Taken Over By PTC Electric Traction January 1975 page 11
  8. https://www.gknaerospace.com/en/about-gkn-aerospace/history/ History
  9. Two giant removalists merge for more impact Freight & Container Transportation July 1984 page 18
  10. https://www.afr.com/politics/brambles-tops-europe-in-rail-waggons-19880108-k2m3k Brambles Tops Europe in Rail Waggons
  11. Brambles expands in Europe Australian Transport March 1988 page 13
  12. Wagon hire fleets merge The Railway Magazine issue 1044 April 1988 page 214
  13. Toll moves into even bigger league with Brambles buy Truck & Bus Transportation August 1996 page 41
  14. Web site: Northern legacy 30th June 2011 The Commercial Motor Archive . 2024-07-16 . archive.commercialmotor.com.
  15. https://web.archive.org/web/20200505112913/https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=text&issuerId=177&announcementId=186299&documentDate=2000-06-14&documentNumber=210502 Eurotainer Joint Venture
  16. https://www.afr.com/politics/containers-brambles-delivers-20000615-k9hti Containers: Brambles delivers
  17. https://web.archive.org/web/20200505112751/https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=text&issuerId=177&announcementId=186704&documentDate=2000-06-16&documentNumber=210662 Disposal of Australian armoured car business to Chubb Aust
  18. https://www.afr.com/companies/brambles-sheds-security-business-20000617-k9i0g Brambles sheds security business
  19. https://web.archive.org/web/20200505113628/https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=text&issuerId=177&announcementId=254619&documentDate=2001-04-19&documentNumber=233369 Brambles & GKN Form a Leading Global Support Services Group
  20. https://web.archive.org/web/20200505114005/https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=text&issuerId=177&announcementId=414547&documentDate=2001-08-07&documentNumber=240461 Completion of Merger
  21. https://web.archive.org/web/20200505114352/https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=text&issuerId=177&announcementId=448412&documentDate=2001-12-18&documentNumber=252155 Brambles Sells Wreckair
  22. https://web.archive.org/web/20200505115143/https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=text&issuerId=177&announcementId=468746&documentDate=2002-03-15&documentNumber=259229 Brambles Announces sale of United Transport Business
  23. CAIB becomes VTG Rail UK Railway Gazette International October 2002
  24. https://web.archive.org/web/20200505110911/https://www.vtg.com/uk/about-vtg/history/ History
  25. https://web.archive.org/web/20200505120035/https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=text&issuerId=177&announcementId=524339&documentDate=2002-10-31&documentNumber=279354 Sale of Brambles Shipping
  26. News: Toll purchases Brambles' cargo ships. Sydney Morning Herald. 1 November 2002.
  27. https://web.archive.org/web/20200505123356/https://www.asx.com.au/asxpdf/20060619/pdf/3x6ddl68bsq56.pdf Brambles sells Cleanaway Australia and NZ and Industrial Services Australia for $1.8275 billion
  28. https://web.archive.org/web/20060721045953/http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/07/01/cnbramb01.xml&menuId=242&sSheet=/money/2006/07/01/ixcity.html Cleanaway is final Brambles sell-off
  29. https://web.archive.org/web/20200505123843/https://www.asx.com.au/asxpdf/20060929/pdf/3yqqg21vl0x00.pdf Brambles completes Cleanaway UK sale
  30. https://www.telegraph.co.uk/finance/2927266/Brambles-ditches-London-listing.html Brambles ditches London listing
  31. https://web.archive.org/web/20200505105750/https://www.asx.com.au/asxpdf/20061031/pdf/3zbf7rpyrz0mc.pdf Information Memorandum Unification Proposal
  32. https://web.archive.org/web/20200504080609/https://www.asx.com.au/asxpdf/20061127/pdf/3zsbsmy2033wm.pdf Admission to Official List
  33. https://web.archive.org/web/20200504082344/https://www.asx.com.au/asxpdf/20091119/pdf/31m5cjtnfkz7pq.pdf Brambles Limited Cancellation of Secondary Listing on London Stock Exchange
  34. https://web.archive.org/web/20200504082549/https://www.asx.com.au/asxpdf/20100323/pdf/31pdtjjg9zthfk.pdf Notice of Cancellation of Listing from the Official List
  35. https://web.archive.org/web/20200504083811/https://www.asx.com.au/asxpdf/20131209/pdf/42lh322dr26lhj.pdf Recall Demerger Scheme Effective
  36. Web site: CHEP and IFCO Systems Integration: Brambles Unveils Growth and Business Strategy Plans at Investors Conference . Pallet Enterprise . 1 May 2012 . 16 October 2014 . Brindley, Chaille.
  37. "IFCO Acquisition Announcement" http://www.asx.com.au/asxpdf/20101115/pdf/31tw4qh3klx9xx.pdf
  38. "Pallecon Acquisition Announcement" http://www.asx.com.au/asxpdf/20121217/pdf/42bzczb2v89pqc.pdf
  39. "BXB Digital" https://www.smh.com.au/business/brambles-push-into-big-data-with-bxb-digital-in-chase-for-internet-of-things-20160221-gmzf0x.html

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