AusRAIL, Market Sectors

Brambles chief dismisses Toll, Asciano growth arguments

<p>A Brambles-Toll Holdings entity was not an attractive proposition and would not offer enough growth prospects for Brambles investors, its chief executive, Mike Ihlein, said.</p> <p>And Asciano was not a good fit as Brambles was not an infrastructure, ports or rail business.</p> <p>&#8220I don’t see those as growth businesses,&#8221 he told the <em>Sydney Morning Herald</em> .</p> <p>Developing a transport portfolio &#8211 again &#8211 was not on the agenda, Mr Ihlein said.</p> <p>Brambles sold out of its &#8220pure transport, trucking-type business&#8221 in the past to concentrate on parts of the business that delivered a higher return. </p> <p>Like Toll, Brambles had aspirations of developing an end-to-end supply chain business on a global scale.</p> <p>The majority of its business centred around managing information, as well as managing pallets, Mr Ihlein said.</p> <p>&#8220When you think about that, it does raise all sorts of opportunities about what we may be able to do in supply chain solutions on a broader basis. Not trucking,&#8221 he said.</p> <p>He identified growth opportunities in the US, Germany and eastern Europe.</p> <br />