Brambles Limited
Encyclopedia
Brambles Limited is a support services business listed on the Australian Securities Exchange
.
, Wales
, which later became part of GKN
. The two companies began a joint venture in 1975 to operate CHEP
, a shipping pallet-pooling operation already run by Brambles in Australia, in the UK, and a second joint venture followed in the waste management sector. In 2001 GKN demerged its support services activities, which were then listed on the London Stock Exchange as Brambles Industries plc. The new plc and Brambles Industries Limited of Australia were then combined in a dual-listed company
structure.
In 2006 Brambles sold Cleanaway Australia and Brambles Industrial Services to Kohlberg Kravis Roberts in 2006 for about $A1,200 million. Then the Company sold Cleanaway UK to Veolia of France
in a £651 million deal. Subsequently, Brambles merged its Australian and British-listed entities into a single entity listed on the Australian Securities Exchange.
Australian Securities Exchange
The Australian Securities Exchange was created by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. It is the primary stock exchange group in Australia....
.
History
Brambles traces its history to 1875, when Walter Bramble began his career in Newcastle, north of Sydney, Australia. Brambles Industries Limited first listed in Australia in 1954. The British side of the group traces its origins to 1759, with the establishment of the Dowlais Iron Company in DowlaisDowlais
Dowlais is a village and community of the county borough of Merthyr Tydfil, in Wales. As of 2001, it has a population of 6646.Dowlais is notable within Wales and Britain for its historic association with ironworking; once employing, through the Dowlais Iron Company, roughly 5,000 people, the works...
, Wales
Wales
Wales is a country that is part of the United Kingdom and the island of Great Britain, bordered by England to its east and the Atlantic Ocean and Irish Sea to its west. It has a population of three million, and a total area of 20,779 km²...
, which later became part of GKN
GKN
GKN plc is a multinational automotive and aerospace components company headquartered in Redditch, United Kingdom. The company was formerly known as Guest, Keen and Nettlefolds and can trace its origins back to 1759 and the birth of the Industrial Revolution.GKN is listed on the London Stock...
. The two companies began a joint venture in 1975 to operate CHEP
CHEP
CHEP is an international company dealing in pallet and container pooling services, serving customers in a range of industrial and retail supply chains. CHEP is owned by Brambles Limited....
, a shipping pallet-pooling operation already run by Brambles in Australia, in the UK, and a second joint venture followed in the waste management sector. In 2001 GKN demerged its support services activities, which were then listed on the London Stock Exchange as Brambles Industries plc. The new plc and Brambles Industries Limited of Australia were then combined in a dual-listed company
Dual-listed company
A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings...
structure.
In 2006 Brambles sold Cleanaway Australia and Brambles Industrial Services to Kohlberg Kravis Roberts in 2006 for about $A1,200 million. Then the Company sold Cleanaway UK to Veolia of France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
in a £651 million deal. Subsequently, Brambles merged its Australian and British-listed entities into a single entity listed on the Australian Securities Exchange.
Operations
The group has the following businesses, which each operate in a number of countries:- CHEP: the world's largest palletPalletA pallet , sometimes called a skid, is a flat transport structure that supports goods in a stable fashion while being lifted by a forklift, pallet jack, front loader or other jacking device. A pallet is the structural foundation of a unit load which allows handling and storage efficiencies...
and container pooling services business. Its customers include some of the world's largest consumer goods manufacturers and retailers. - Recall: operates document management centres, computer back-up data protection centres and secure destruction centres.