Tibbett & Britten (Acquired by Exel 2004)
Note: This company is no longer trading as a separate enterprise.
Until its acquisition by Exel in 2004 Tibbett & Britten was a contract logistics and supply chain management company based in the UK. In 2003 its turnover was £1.63bn (approx €2.45bn). It has developed operations mainly in UK and the US, which together account for nearly 75% of its total revenue (down from 80% in 2002). The company claims to be the second largest contract logistics player in the UK and amongst the top ten worldwide. Tibbett & Britten Group has nearly 39,000 employees and manages 53m sq ft of ambient and multi-temperature warehousing at 370 locations in 35 countries. It operates 15,500 commercial vehicles and trailers, and also offers intermodal transport, freight forwarding and international supply chain management services.
Tibbett & Britten has its origins as the hanging garments transport division of Unilever. It was bought out by its management in 1986 and floated on the UK stock exchange in 1987. The company has developed through a combination of organic growth and acquisition. The company is particularly well established in the Americas where it is one of the largest logistics players. T&B has also grown throughout Europe, as well as establishing nascent logistics operations in Eastern Europe, China, Taiwan, South Africa and Thailand.
T&B provides a wide range of services, which include warehousing, distribution and transportation along with value added consultancy services in the areas of strategic planning, network optimization and facility design. These services are mainly provided to retailers and manufacturers of various industries like food & beverages, technology, clothing textiles. Seventy five percent of the clientele base comprises of retailers, while the rest comprise of manufacturers.Over 90% of Tibbett & Britten's business is based on long-term contractual relationships with major blue chip manufacturers and retailers. As the distribution needs of its clients are mainly focused on a national or regional basis, its operations reflect this. It is well placed to take advantage of the increasing regionalisation and globalisation of its clients supply chains. One of the most effective ways that the company has grown over the last ten years is through 'piggy backing' on the expanding operations of its existing customers. This has seen it build operations in Hungary with Tesco and Unilever.