Brambles outgrowing Recall

Brambles has delivered decent growth in its pallet business despite a less than robust lift in global consumer staples demand.

The logic behind Tom Gorman's decision to spin off Brambles' (BXB) document storage business Recall was clearly displayed this morning.

Forget there are no synergies, no real connection, between pallets and documents. The big difference between the operations is that Brambles is winning over new business and lifting revenue while Recall is struggling.

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