Information  X 
Enter a valid email address

Brambles Industries (BI.)

  Print      Mail a friend

Tuesday 20 September, 2005

Brambles Industries


Brambles Industries PLC
20 September 2005

20 September 2005

           Brambles sells CHEP USA Reusable Plastic Container assets
Brambles today announced the sale of the CHEP USA Reusable Plastic Container
(RPC) assets to Gait Packaging Ltd. The sale is effective from 15 October 2005.

The value of the net assets at 30 June 2005 was US$23 million.

The Chief Operating Officer of CHEP, Dave Mezzanotte, said: 'The sale of the 
USA RPC assets allows CHEP USA to further dedicate itself to ensuring our pallet
and other container customers receive the best value and service available. CHEP 
USA's other container businesses will continue to receive the capital necessary 
to grow and develop.'

Mr Mezzanotte said CHEP and Brambles remained fully committed to CHEP's
successful RPC businesses in other regions and today's announcement did not
affect those businesses.

For further information, contact:

Investor     Sue Scholes, Head of Investor Relations    +44 (0)20 7659 6012
Media        Richard Mountain, Financial Dynamics       +44 (0)20 7269 7291

Investor    John Hobson, Head of Investor Relations    +61 (0)2 9256 5216
                                                       +61 (0)414 239 188
Media       Michael Sharp, Vice President Corporate    +61 (0)2 9256 5255
            Affairs                                    +61 (0)439 470 145

            Brambles is globally headquartered in Australia

                      This information is provided by RNS
            The company news service from the London Stock Exchange