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Brambles Announces to Divest Recycled Pallet Business in North America

11 Aug 2017  |  10:08:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Brambles to divest recycled pallet business in North America

Brambles announced its decision to divest its non-core North American recycled whitewood pallet business, CHEP Recycled. CHEP Recycled provides a network of pallet management services in the USA and Canada that supplies and recycles over 90m primarily whitewood pallets annually. It acquired its US recycled pallet business as part of the global acquisition of IFCO Systems in March 2011. The Canadian recycled whitewood business, Paramount Pallet, was acquired in November 2011. The Company is seeking to divest the 80 plants and TPM (total pallet management) sites which currently service its recycled pallet operations.

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