- TI Group
TI Group plc (formerly Tube Investments) was a holding company for various specialised
engineeringcompanies. 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 aerospacecompany. [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 BOCand Air Products, the division was sold of and the factory has relocated to Sheffieldfrom Chesterfield. [http://www.yhef.co.uk/about_the_fund/portfolio/chesterfield_portfolio.htm MBO in 2004 from German successor to TI]
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.
Accles & Pollock(tube makers) was purchased.
Reynolds Tubewas purchased.
Ivan Stedefordjoins company.
Ivan Stedefordelected CEO.
Ivan Stedefordelected Chairman.
Swallow Coachbuilding Co. (1935) Ltd.
* 19?? The
British Cycle Corporationsubsidiary was formed which eventually composed of the following cycle companies:
** Hercules Cycles (No connection with the German Hercules company)
* 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]
Ivan Stedefordretires as Chairman & CEO and assumes title of Life President.
* 1987 Raleigh was sold.
* 1987 Creda was sold to
* 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 Groupannounced 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.
* 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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