Type Public Number of employees circa 14,000 (2014) Revenue 5.405 billion USD (2014) Net income 585 million USD (2014) | Traded as ASX: BXB Headquarters Sydney, Australia Founded 1875 | |
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Industry Commercial & Professional Services Key people Stephen Johns, Chairman
Tom Gorman, CEO Products Pallets, Reusable Produce Crates (RPCs), Containers Stock price BXB (ASX) A$ 9.40 +0.14 (+1.51%)2 Mar, 4:10 PM GMT+11 - Disclaimer Profiles | ||
Brambles limited asx bxb chart review
Brambles Limited is the ultimate holding company of the Brambles Group (Brambles) and is listed on the Australian Securities Exchange. Brambles is a supply-chain logistics group specializing in the pooling of unit-load equipment and associated services. The company focuses on the outsourced management of pallets, crates and containers. 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.
Contents
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 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.
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.
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. Then the Company sold Cleanaway UK to Veolia of France in a £651 million deal. Subsequently, Following these divestments, Brambles unified its Australian and British-listed entities into a single entity, Brambles Limited, listed on the Australian Securities Exchange.
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.
Operations / Acquisitions
Brambles has three operating segments and operations in more than 50 countries worldwide:
In 2008, Brambles acquired LeanLogistics, a global solutions provider of software-as-a-service (SaaS) transportation management technology and supply chain services.
Since 2009, Brambles has made a number of acquisitions, the largest of which have been:
Management
The majority of the board is Australian-based, as is the board chairman Graham Kraehe. Tom Gorman became CEO effective from November 1, 2009.
The current Board of Directors are:
The Executive Leadership Team is: