20/09/05 CHEP Sells USA Reusable Plastic Container Assets to GAIT Packaging Ltd

GAIT Packaging, Ltd., has agreed to purchase the USA Reusable Plastic Container (RPC) assets from CHEP, the global leader in transport equipment pooling solutions. The agreement, announced today by both CHEP and GAIT, is effective October 15, 2005

GAIT Packaging, with expertise in perishable round trip container support services for its current customers, will immediately begin servicing growers and retailers previously supported by CHEP. The purchase price was not disclosed.

"We are excited to start servicing our new customer base with the high quality products and attention to detail our existing customers have come to expect from GAIT," said Bill Griggs, President and CEO, GAIT Packaging, Ltd. "The combination of our dedicated fleet of reefer transport vehicles, our hygiene expertise and our customer focus enables us to set ourselves apart as the company to rely on in the fresh produce industry."

Griggs added that GAIT Packaging is committed to ensuring a seamless transition and business as usual for our new customers. CHEP management is supporting this effort.

"CHEP is pleased to transition all USA RPC's and related Service Center assets to GAIT Packaging, which will build on the foundation we established for this emerging market segment over the last seven years," said Dave Mezzanotte, COO of CHEP. "The sale of the RPC assets in the USA allows CHEP to further dedicate itself to ensuring our pallet customers receive the best value and service possible and CHEP USA's other container businesses will continue to get the capital necessary to grow and develop."

About CHEP

CHEP, a Brambles company, is the global leader in pallet and plastic container pooling services serving many of the world's largest companies. With Americas headquarters in Orlando, the company has more than 7,700 employees in 42 countries. Combining superior technology, over five decades of experience and an asset base of more than 265 million pallets and containers, CHEP handles pallet and container supply chain logistics for customers in the consumer goods, produce, meat, home improvement, beverage, raw materials and automotive industries. With global partners that include Procter & Gamble, SYSCO, Kellogg's, Kraft, Nestle, Ford and GM, CHEP is known for Handling the World's Most Important Products. Everyday. For more information about CHEP, please visit: www.chep.com.

About GAIT Packaging

GAIT Packaging, Ltd, a division of GAIT Holdings, is a leading logistics and reusable plastic container services company with expertise in the transportation business as well as the meat and poultry reusable plastic container market segments. Services include transportation and closed loop movements reusable plastic containers of meat and poultry products between producers, retailers and foodservice customers.