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Tibbett & Britten

Tibbett & Britten, the logistics group, has received a £328m takeover approach from Exel, which could lead to annual cost savings of £20m and the loss of 200 jobs.

Tibbett & Britten has won a contract to manage Tesco's new non-foods distribution centre at Keresley Park near Coventry, and up to 350 jobs will be created when the site becomes operational in August.

Tibbett & Britten has expanded its logistics business in Germany with the acquisition of a 27% stake in Vfw.

Tibbett & Britten is to close the Asda distribution centre in Corby and 197 staff will be offered the chance to relocate to a new site at Magna Park in Lutterworth by March 2004.

Tibbett & Britten is to relocate up to 84 staff from its distribution centre at the Meridian Business Park near Braunstone to depots in Lutterworth and Crick, in order to provide extra space for its contract with Hewlett Packard.

Tibbett & Britten is to acquire Dimalsa, the Mexican logistics business, for an initial £42m, and has also announced the acquisition of a 38% stake in Davids Distribution of Thailand for £3m.

Tibbett & Britten has won a contract to operate a new DIY import centre in North Lincolnshire for B&Q, which will create 200 jobs.

Tibbett & Britten has won a contract to manage Sainsbury's new Hams Hall distribution centre near Birmingham, which will employ 750 people from September 2002.

Tibbett & Britten is looking to sell Axial, the car transport division valued at up to £100m, in order to raise funds for the expansion of its logistics business in Europe and North America.

Tibbett & Britten has won a nationwide logistics contract from Mothercare, which will involve 300 staff at the Daventry International Distribution Centre.

Tibbett & Britten has won a contract from Tesco to manage a new food distribution centre at West Thurrock in Essex, and about 600 jobs will be created when it opens in October 2001.

Tibbett & Britten has acquired Logis International, which includes two logistics businesses operating in the Czech Republic and Slovakia, as part of a strategy to expand across central and eastern Europe.

Tibbett & Britten has announced plans to build a second rail-connected distribution centre at the Daventry International Rail Freight Terminal, with the creation of about 200 jobs.

Tibbett & Britten has acquired the TCA group of companies for undisclosed terms, in order to expand its fresh produce distribution business in France and Spain.

Tibbett & Britten has acquired Integrated Systems Logistic, the Polish distributor of frozen foods, for undisclosed terms, as part of a strategy to expand its logistics business in central Europe.

Tibbett & Britten is planning to extend its warehousing complex on the Whitwood Industrial Estate near Castleford, with the creation of 80 jobs.

Tibbett & Britten is acquiring the Dutch transport operations of the Remijsen group as well as Californian distributor EFL Transportation, as part of a strategy to develop its core markets in Europe and North America.

Tibbett & Britten is to build a £1m automotive pre-delivery inspection centre at Tynedock through its Axial Logistics division, with the creation of 120 jobs.

Tibbett & Britten has opened a rail-connected warehouse facility at the Daventry International Distribution Centre, which will create 300 jobs for warehousing, administrative and driving staff.

Tibbett & Britten has acquired Arbuckle Smith, the Scottish logistics contractor, for undisclosed terms.

Tibbett & Britten has acquired GV Logistik, the Austrian food distributor, for undisclosed terms.

Tibbett & Britten has acquired Causse Walon, the French vehicle distribution and storage business, for £14m through Axial, its existing French logistics subsidiary.

Tibbett & Britten has bought Neptune Freight, the Irish logistics company with sales of about £3m.

Tibbett & Britten has launched an agreed £17m bid for Applied Distribution Group, the rival distribution company.