Dufay

1955. Coronet cameras.

July 1959.

of Boreham Wood

By 1958 Dufay-Chromex was known as Dufay Ltd

1958 Ewart Holdings, owners of Trix, collapsed. Dufay Ltd was a major creditor who acquired the assets of Trix and Precision Models.

1960 Dufay moved Trix production to Birmingham.

1961 Mr Marcel Martin, who controlled the Highgate Optical Manufacturing Co, and his associates acquired about half of the preference shares of Dufay

1961 Dufay Ltd, photographic film and equipment makers, would need a drastic reorganisation of capital after heavy losses and write-down of stock; 2 acquisitions were under consideration; no dividend had been paid since 1946 on the ordinary shares

1961 A subsidiary, Spicer-Dufay (British), had been renamed Trix Products; the managing director of Trix of Germany was appointed to its board

c.1961 Poor sales lead to Dufay ending Trix production in order to save damaging the rest of the group; Trix was prepared for sale.

1962 Dufay would become an industrial holding company; Trix and Dufay would be disposed of; the Coronet camera subsidiary had recovered from the previous year's set-back; Polyfoto (England) was being reorganised

1962 Trix was sold to Alvus Investments and Trading who planned to restart production in High Wycombe, but only the coach moulding tools were made.

1962 Acquired by Metropole Industries, headed by J. G. Gommes; drastic capital reorganisation was required; Polyfoto was being sold which would leave the company with assets to be used with the new businesses which would be put into the company

1963 Acquired Tate Machine Tool Co, merchants and dealers in machine tools, Blick Time Recorders and Actina, importers and distributors of photographic equipment

Between 1963-5 Dufay acquired Unusual Electric Time and Telephone Systems Ltd.

1964 Acquired a Durham-based manufacturer of industrial and marine paints; the group consisted of G. A. Willis (Middlesbrough) of Aycliffe, Harrison S. Walton and Son of Bidford-on-Avon, and A. E. Onions, also of Bidford.

1964 Acquired the paints division of Clover Industries

1964 Restarted dividends after 20 years. Acquired B. D. B. Engineers of Luton

1964 Entered bidding for Wailes Group by offering a reverse take-over, whereby Dufay would inject its 4 paint companies into Wailes Dove - namely G. A. Willis (Middlesbrough), Harrison S. Walton and Son, A. E. Onions,and Frank Bookless and Co

1965 G. A. Willis introduced a PVC coating material, Dufaycote, which could be applied as a paint, based on a coating for steel developed in 1958 for use by Dorman, Long and Co in a purpose-designed coating plant; the raw material was supplied by British Geon

1965 The first shipment of Japanese cars (Daihatsus) to be marketed in the UK in volume would be sold by Dufay Birmingham who would set up a distribution network

1965 Agreed merger with Wailes Dove and Co to form a new company Dufay Bitumastic which would be mostly owned by Dufay shareholders; most of the income of the new company would come from paints. Terms later revised. British Paints and the National Coal Board made a counter-offer. Dufay finally succeeded; they announced plans for expansion including a new factory

1966 Dufay sold all its investments not concerned with paint. Allan Elliott, MD of Dufay, and his family bought the recorder business to form Blick Time Recorder (Holdings) Ltd.

1968 Dufay's business model had been to buy paint from Japan which it sells directly. It had just completed a new factory at Shildon and bid to take-over International Paints but this failed when a key manager left the company and criticised their figures, the Take-Over Panel intervened, and Courtaulds offered to make a counter-bid

1968 Dufaylite was acquired (85 percent) by Wiles Group

1985 British Tar Products made an agreed bid for Dufay Bitumastic

See Also

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