Brambles Limited

Brambles Limited
Type Public (ASXBXB)
Industry Business Services
Founded 1875
Headquarters Sydney, Australia
Key people Graham Kraehe, Chairman
Tom Gorman, CEO
Revenue US$4,358.6 million (2008)
Operating income US$1,046.9 million (2008)
Net income US$648.7 million (2008)
Employees circa 12,000 (2008)
Website www.brambles.com

Brambles Limited is a support services business listed on the Australian Securities Exchange.

Contents

History

Brambles traces its history to 1875, when Walter Bramble began his career in Newcastle, north of Sydney, Australia.[1] Brambles Industries Limited first listed in Australia in 1954.[1] The British side of the group traces its origins to 1759, with the establishment of the Dowlais Iron Company in Dowlais, Wales, which later became part of GKN. The two companies began a joint venture in 1975 to operate CHEP,[1] 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.[1] The new plc and Brambles Industries Limited of Australia were then combined in a dual-listed company structure.[1]

In 2006 Brambles sold Cleanaway Australia and Brambles Industrial Services to Kohlberg Kravis Roberts in 2006 for about $A1,200 million.[2] Then the Company sold Cleanaway UK to Veolia of France in a £651 million deal.[2] Subsequently, Brambles merged its Australian and British-listed entities into a single entity listed on the Australian Securities Exchange.[3]

Operations

The group has the following businesses, which each operate in a number of countries:

Management

The majority of the board is Australian-based, as is the board chairman Graham Kraehe. Tom Gorman became CEO effective from 1 November 2009.[4]

References

  1. ^ a b c d e Brambles: Timeline
  2. ^ a b Cleanaway is final Brambles sell-off, Daily Telegraph, 1 July 2006.
  3. ^ Brambles ditches London listing The Telegraph, 30 November 2005
  4. ^ Durie, John. "Brambles confirms Tom Gorman to replace Mike Ihlein as new CEO" The Australian 6 October 2009

External links