CHEP gets lean.

Brambles agreed to acquire LeanLogistics, a provider of technology-based transport and supply chain solutions, for $45 million cash. Mike Ihlein, CEO of Brambles, says the acquisition would enable CHEP, a division of Brambles in Orlando, Fla., to provide a new and value-enhancing service to both existing and new customers. Kevin Shuba, Group President, CHEP Americas said the acquisition of LeanLogistics was a very exciting development as it would enhance CHEP's customer service offering in the important and growing U.S. market "We will now be able to offer customers the ability to optimize transport routes and reduce empty transport miles by using the most efficient transport provider available," he says.

www.chep.com.