Tibbett and Britten
| Defunct | June 2004 |
|---|---|
| Fate | Absorbed into Exel |
| Revenue | £1.63 billion (2003)[1] |
Number of employees | 39000 (2003)[1] |
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;[1] from 1990 to 2004, the company increased its revenue by ten.[2][3]
Operation
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 United Kingdom.
Materials transported by the firm included consumer and perishable goods.[4]
In June 2004, the company was acquired by Exel for £328 million; a 36% premium on the share price.[1][5]
References
- ^ a b c d "Tibbett & Britten (Acquired by Exel 2004)", www.supplychainleaders.com
- ^ "Relocation services to corporations and businesses". Retrieved 21 September 2023.
- ^ Donald Waters (2010), Global Logistics: New Directions in Supply Chain Management, Kogan Page Publishers, p. 414
- ^ "Tibbett & Britten Group plc", investing.businessweek.com, Bloomberg LP, archived from the original on 9 July 2012
- ^ Michael Harrison (17 June 2004), "Tibbett & Britten chiefs share £5m takeover windfall", www.independent.com, The Independent, archived from the original on 2 August 2012