Grace's Guide

British Industrial History

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Christian Salvesen and Co

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1964. Food freezing plant.

Steamship Owners, Shipbrokers, Coal Exporters, Merchants, and Commission Agents, of 29, Bernard Street, Leith.

1846 Established by J. T. Salvesen, of Grangemouth, and George Vair Turnbull, of Leith, trading as Salvesen and Turnbull.

1852 J. T. Salvesen retired, and Christian Salvesen was admitted as partner, the title being altered to Turnbull, Salvesen and Co.

1872 George V. Turnbull retired, and the company became Christian Salvesen and Co.

1911 Christian Salvesen died

1914 Principals: J. T. Salvesen, F. G. Salvesen, Theodore E. Salvesen, sons of Christian.

1959 Ended its interests in whaling[1]

c.1966 Started building houses for sale

1969 Formed Cryofresh, a joint venture with Air Products, to develop the technique for freezing fresh food using liquid nitrogen; it was wholly acquired by Air Products the following year[2]

1977 The company was one of the largest unquoted public companies in Britain; its activities included oil and shipping, cold storage, fish and house building[3]. Acquired J. C. Firth (Refrigeration) from Proprietors of Hay's Wharf[4]

1985 Floated on the Stock Exchange[5], listed amongst the food distribution companies.

1986 Sold Salvesen Offshore Services to the John Wood Group[6]. Put the house building division (with 5 operating companies) up for sale[7]. Expanded Aggreko's generator-hire activities overseas[8] and Salvesen Brick[9]

1992 Sold Salvesen (Oilfield Technology), completing the exit from the sector[10]

1997 Sold Aggreko, becoming solely a distribution company with a small vegetable-preparation sideline[11]

See Also

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Sources of Information

  1. The Times, June 12, 1986
  2. The Times, Sep 12, 1970
  3. The Times, Feb 16, 1977
  4. The Times, Jun 16, 1977
  5. The Times Jun 22, 1985
  6. The Times February 05, 1986
  7. The Times, July 29, 1986
  8. The Times August 19, 1986
  9. The Times, September 30, 1986
  10. The Times September 22, 1992
  11. The Times, November 24, 1998