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Tibbett Logistics a new name for a leading logistics player in Romania

10 May 2011

A new company - Tibbett Logistics - is officially launched in Romania this
month by Keswick Enterprises Ltd - a UK-based privately owned holding
company focused on supply chain related businesses. The development follows
Keswick's acquisition last December of Delamode Logistics SRL and that
company's joint venture with DHL, DHL Delamode, from the shareholders of


Delamode Group and DHL. These established Romanian businesses have been
renamed Tibbett Logistics SRL and Tibbett Retail Services SRL respectively -
and together will trade as Tibbett Logistics.

Keswick's management have been involved in Romania for over 14 years and,
since 2005, have been shareholders in Delamode and the DHL/Delamode joint
venture. Prior to this several of Keswick's senior managers, when part of
Tibbett & Britten, led the original Delamode entry into contract
logistics in Romania that established the joint venture on behalf of Metro
Group.

Tibbett Logistics operates from nine distribution centres across Romania -
providing over 100,000 square metres of warehousing in Bucharest, Constanta,
Deva and Timisoara. It offers a nationwide, broad range of supply chain
related services to a variety of customers - including domestic and
multinational retailers, plus FMCG, automotive and other manufacturers.

The company is a pioneer of new supply chain practices and technologies in
Romania - such as RF technology interfaced with customers' ERP systems
(including SAP). It was the first logistics service provider in the country
to implement voice-picking technology in retail warehousing operations.

Distribution operations include a nationwide domestic transport network,
which last year transported over 60,000 vehicle loads in ambient, chill and
refrigerated environments. Tibbett Logistics deploys 400 road trailers -
including double- and triple-temperature reefers.

Since its creation in 2008, Tibbett Logistics' intermodal (road-rail)
service has been leading the way in green logistics and sustainable supply
chain solutions in Romania. The company provides domestic and transnational
intermodal services covering: containers from the Far East landing in the
port of Constanta; containers, semi-trailers and swap-bodies travelling
between Romania and other EU countries; and the movement of domestic freight
between wider Bucharest and western Romania.

Tibbett Logistics is the only private operator of a rail container terminal
in Bucharest, and this summer will open a second, brand new intermodal
terminal in the west of the city. This will form part of a Tibbett
Logistics' CEE intermodal network, with terminals across Romania and, in
partnership, extending into Austria, Bulgaria, Slovenia and elsewhere -
delivering substantial cost savings for clients and up to 50% reductions in
CO2 emissions.

Keswick Enterprises was created in 2004 by John Harvey CBE - who previously
developed and led the major intercontinental logistics service provider
Tibbett & Britten Group plc for 20 years. Together with their former
colleagues, the current Board members of Keswick were responsible for
growing Tibbett & Britten Group's revenues from £30 million to £2,300
million just two decades later. Keswick is now bringing this international
know-how and experience to bear on Tibbett Logistics to accelerate its
growth in Romania.

John Harvey, Chairman of Keswick Enterprises Ltd, said: "I am delighted that
we have finally been able to bring Tibbett Logistics and Tibbett Retail
Services fully into the Keswick group of companies. Our innovative and
dynamic young Romanian team are drawing on Keswick's global experience in
the logistics sector. I am confident that together we will accelerate
development and continue to build the business - which has already sustained
continuous growth since 2005."


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