Fate Absorbed into Exel Revenue £1.63 billion (2003) Number of employees 39,000 (2003) | Defunct 2004 Headquarters Bracknell, United Kingdom Founded 1958 | |
Founders John Tibbett, Frank Britten | ||
Tibbet & Britten Group plc was a logistics company based in the United Kingdom.
History
The company's origins are traced to a transport division of Unilever which became independent through a management buyout in 1986. The company grew over the next two decades by acquisition and organic growth, including growth through expansion of contracts with existing large clients as their companies expanded; from 1990 to 2004 the company increased its revenue by ten.
The company operated primarily in North America and Europe, as well as in other locations in Africa, Asia and South America. The company provided warehousing, distribution, and supply chain management services, as well as operating rail terminals in the UK. Materials transported by the firm included consumer and perishable goods.
In 2004 the company was acquired by Exel for £328 million; a 36% premium on the share price.