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 2008-03-05 Brambles in $45m US logistics buy

BRAMBLES has paid $US45 million ($47.9 million) to buy a US-based provider of technology-based transport and supply chain solutions.

The acquisition of LeanLogistics will support Brambles' CHEP pallet operations.

"Combining CHEP's extensive customer and information base with LeanLogistics' customer network and innovative technology will enable us to offer a service that reduces transportation costs and optimises supply chain efficiency," chief executive Mike Ihlein said.

CHEP views and tracks millions of pallet movements through more than 21,000 locations across the US each day.

LeanLogistics provides on-demand solutions to more than 40 major corporations, including many in the fast moving consumer goods sector, with a network of transporters.

The acquisition is expected to be completed on March 7.
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