Tibbett and Britten

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{{Use British English|date=September 2017}}

{{Infobox company

| name = Tibbet & Britten Group plc

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| fate = Absorbed into Exel

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| defunct = June 2004

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| revenue = £1.63 billion (2003)

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| num_employees = 39000 (2003)

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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.{{Cite web |title=Relocation services to corporations and businesses |url=https://www.manandvanstar.co.uk/man-with-van/ |access-date=2023-09-21 |language=en}}{{citation|title = Global Logistics: New Directions in Supply Chain Management| author = Donald Waters| publisher = Kogan Page Publishers| year=2010|page =414}}

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.{{citation|url = http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=737504|archive-url = https://archive.today/20120709035502/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=737504|url-status = dead|archive-date = 9 July 2012| title = Tibbett & Britten Group plc| work = investing.businessweek.com| publisher = Bloomberg LP}}

In June 2004, the company was acquired by Exel for £328 million; a 36% premium on the share price.{{citation|url= http://www.supplychainleaders.com/provider/tibbett-britten-acquired-by-exel-2004/38/| title = Tibbett & Britten (Acquired by Exel 2004)| work = www.supplychainleaders.com}}{{citation|url =https://www.independent.co.uk/news/business/news/tibbett-amp-britten-chiefs-share-acircpound5m-takeover-windfall-6167280.html|archive-url =https://archive.today/20120802082403/http://www.independent.co.uk/news/business/news/tibbett-amp-britten-chiefs-share-acircpound5m-takeover-windfall-6167280.html|url-status =dead|archive-date =2 August 2012|title= Tibbett & Britten chiefs share £5m takeover windfall |author = Michael Harrison |date = 17 June 2004 |work = www.independent.com |publisher = The Independent}}

References