Brambles Responds to Goodpack Announcement

On March 19, 2014, Goodpack Limited, an international pooler of IBCs, announced that it was holding talks with parties potentially interested in making an offer for the company.

Brambles Limited has subsequently responded to the announcement by Goodpack, saying that it has, on several previous occasions, including in the recent past, engaged in preliminary discussions about a possible transaction with Goodpack. However, these discussions did not progress and Brambles is not currently in active discussions with Goodpack.

Brambles says it will continue to monitor the situation and inform shareholders of any further developments in accordance with its continuous disclosure obligations.

Goodpack is a Singapore-based a global company providing cost leading and creative IBC (Intermediate Bulk Container) supply chain solutions. It operates the world’s largest fleet of over 2.6 million steel IBCs, each of which can hold 1.5 tons of product. These are leased to diverse multinational customers in industries such as rubber and tire, food and chemical industries.

The company states that it is ” riding on the global environmental trend for waste minimization,” noting that the Goodpack IBC is “environmentally friendly and fully recyclable with an average usable life of 16 to 20 years. At the end of its life cycle it can be scrapped to produce new steel based products. ”

Goodpack reports that its IBCs are used in over 70 countries and more than 5000 locations worldwide, and our operations span the globe including Africa, Asia, Europe, Middle East, North and South America and Oceania.

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