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
Unilever plc is a British multinational consumer goods company with headquarters in London, England. Unilever products include food, condiments, bottled water, baby food, soft drink, ice cream, instant coffee, cleaning agents, energy drink, t ...
which became independent through a
management buyout
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1 ...
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
A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities, tow ...
, distribution, and
supply chain management
In commerce, supply chain management (SCM) is the management of the flow of goods and services including all processes that transform raw materials into final products between businesses and locations. This can include the movement and stor ...
services, as well as operating rail terminals in the United Kingdom. Materials transported by the firm included consumer and perishable goods.
In June 2004, the company was acquired by
Exel
Exel was a supply chain and logistics company operating in North America and Europe, which became a subsidiary of the German firm Deutsche Post in 2005. It reported annual revenues of about $4.2 billion in February 2012.
History
The company ...
for £328 million; a 36% premium on the share price.
References
Logistics companies of the United Kingdom
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