TI Group


TI Group

TI Group plc (formerly Tube Investments) was a holding company for various specialised engineering companies. The three major divisions were John Crane International, a manufacturer of mechanical seals; Bundy Corporation, a tubing manufacturer and supplier to the refrigeration and automotive industries; and Dowty Group plc, an aerospace company. [cite web | url = http://www.fundinguniverse.com/company-histories/TI-Group-plc-Company-History.html | title = TI Group plc - Company History | accessdate = 2006-09-26| date = 1997| publisher = fundinguniverse.com] The Group also owned TI Creda an manufacture of domestic cookers in the 1980s. An TI Chesterfield cylinders a manufacture of pressurised gas cylinders for companies such as BOC and Air Products, the division was sold of and the factory has relocated to Sheffield from Chesterfield. [http://www.yhef.co.uk/about_the_fund/portfolio/chesterfield_portfolio.htm MBO in 2004 from German successor to TI]

History

The business was registered in 1919 as a public company combining the following seamless steel tube manufacturing companies: Tubes Limited, New Credenda Tube (later known as Creda), Star Tube, and St. Helen's Tube and Metal.

* 1919 Accles & Pollock (tube makers) was purchased.
* 1928 Reynolds Tube was purchased.
* 1928 Ivan Stedeford joins company.
* 1935 Ivan Stedeford elected CEO.
* 1944 Ivan Stedeford elected Chairman.
* 1946 Swallow Coachbuilding Co. (1935) Ltd.
* 19?? The British Cycle Corporation subsidiary was formed which eventually composed of the following cycle companies:
** Phillips Cycles
** Hercules Cycles (No connection with the German Hercules company)
** Armstrong
** Rudge Whitworth
** Norman Cycles
** Sun Cycles
* 1958/9 The Aluminium War
* 1960 Raleigh Industries joined the group bringing with it:
** BSA Cycles
** J. B. Brookes
* 1963 Bought Russell Hobbs, kettle manufacturers [http://www.telegraph.co.uk/news/main.jhtml?view=DETAILS&grid=&xml=/news/2006/03/04/db0401.xml]
* 1963 Ivan Stedeford retires as Chairman & CEO and assumes title of Life President.
* 1987 Raleigh was sold.
* 1987 Creda was sold to GEC Group [http://www.hotpointservice.co.uk/Service/aboutus.html]
* 1992 Dowty Group plc was purchased
* 1996 Accles & Pollock was sold to Hay Hall Group [http://www.accles.co.uk/history.asp] .
* 2000 On 18 September 2000 Smiths Group announced its intention to merge with TI Group. [cite news | title = Engineering rivals to merge | publisher = BBC News | date = 2000-09-18 | url = http://news.bbc.co.uk/1/hi/business/930419.stm | accessdate =2006-09-25] The merger was completed on 4 December. Smiths divested TI's automotive business shortly after the merger.

References

External links

* History of the TI Group, from the company's former website on the Internet Archive [http://web.archive.org/web/20001204065600/www.tigroup.com/about/briefhistory.html]
* TI Group former website on the Internet Archive [http://web.archive.org/web/20001205011500/www.tigroup.com/index.html]
* Smiths Group History [http://www.smiths-group.com/growingthroughtheyears.htm] .


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