Makers of copper and steel tubes, polythene tube, lead pipe and plate, steel bar and fittings, of Bilston, Staffs
1939 Glynwed Holdings was formed as a private company to acquire Glynn Brothers and Wednesbury Tube Co[1].
1941 Shares began trading as a public company, interests in tubes of lead and other metals[2]
1943 Name changed to Glynwed Tubes Ltd; subsidiaries included Glynn Brothers and Wednesbury Tube Co[3]. The strategy would be to broaden the company's base from copper and lead into steel and to integrate vertically.
1952 Bid for Steel Parts Ltd, which would broaden the group's interests beyond tubes[4].
1953 Acquired Steel Parts including its wholly owned subsidiary Yarwood, Ingram and Co of Birmingham[5]
1953 Acquired Hipkiss Brothers of Blackheath Staffs, makers of pipe fittings, with its wholly-owned subsidiary Steelway of Wolverhampton, maker of steel flooring and assemblies[6]
1953 Acquired F. A. Clark and Son, a small lead business with which Glynwed had long had trading links [7]
1956 Acquired George Gadd and Co, steel re-rollers, including Darlaston Steel Stockholders Ltd[8]
1958 Establishing Socketex Ltd, to make sockket screws
1960 Acquired Normalized Bolts of Darlaston, including its subsidiary James Wiley and Sons[9]
1962 Established 2 new departments - mineral insulated cable, and copper fittings[10]. Formed joint company with Yorkshire Imperial Metals to market copper tube in Continental Europe[11]
1964 Agreement with Sterling Cable Co for that company to distribute the mineral insulated cable made by Wednesbury Tube Co[12]
1964 Installed their first computer[13], which was replaced in 1968
1965 Acquired G. F. Bridges, wholesale distributors of nuts and bolts[14]
1966 Change of name to Glynwed reflecting expansion of the company's interests[15]
1967 Problems due to copper prices and new plant coming on line led to drop in profits[16]. Sudden announcement of need to raise funds in the market[17]
1968 Attempted to acquire K. M. T. (Holdings), of Birmingham, maker of engineers' tools, but eventually mutually agreed not to proceed[18]. Acquired P. H. Muntz and Barwell, a private company of Tipton, maker of non-ferrous tubes and plastic rainwater goods[19]
1969 Restoration of dividend as result of pick up in building and motor markets[20]. Acquired Allied Ironfounders[21]
1970 Sold Socketex Ltd[22]. Acquired C. H. Miller (Engineers) Ltd[23]
1971 Acquired Tower Manufacturing Co[24] and 6 private companies during the year. The company's divisions consisted of[25]:
- Glynwed Tubes and Structures Ltd
- Glynwed Baths Ltd
- Glynwed Foundries Ltd
- Glynwed Plastics Ltd
- Glynwed Steel Pressings Ltd
- Glynwed Steels Ltd
- Glynwed Screws and Fastenings Ltd
- Glynwed Distribution Ltd
- Overseas Division
1972 Acquired W. H. Paul, makers of kitchen fitments[26], and John Cashmore, steel stockholders[27], and Sidney Flavel and Co[28], and Walter Slingsby and Co[29]. Sold Muntz Plastics of Wrexham to IMI[30]
1973 Acquired Permatube from Winn Industries[31] and Macready's Metal Co, steel stockholders[32]
1976 Acquired Cooper and Turner Holdings, a private company making specialised fasteners[33]
1977 Acquired several Fotherby Willis companies[34]. Closed the Cockburn works of Vogue Bathrooms, in Falkirk, moving the work to Bilston[35]
1978 Sold part of the sheet steel operation of Cashmores and closed the rest[36]
1982 Sold Cashmores General Steels to British Steel for approx £2 million.[38]
1982 Bid for Ductile Steels, another steel re-roller[39]
1983 Name changed to Glynwed International[40]
1984 Substantial reorganization and disposals.
1985 Debt had been cut substantially over a period of 5 years[41]
1986 Acquired Brickhouse Dudley which made a similar range of cast iron pipes and drainage products[42], Barlow Bright Steels, Firth Cleveland Steel Strip and its US sales operation[43]
1987 Acquired FIP (UK), from Gallaher, and its Italian sister company, makers of plastic pipe fittings complementary to those made by Durapipe[44]
1996 Strategic review
1997 Leisure Rangemaster cookers were offered[45]
1998 Acquired Friatec, a German piping system[46]
1999 Sold cold rolling, steel tube and specialist engineering businesses to Tyco International[47]. Acquired IPEX, a plastics piping company, and Victory Refrigeration Co; by July Glynwed had sold all its UK "metal-bashing" businesses[48], concentrating instead on pipe systems and consumer and food service products.
2001 Pipes business sold to Etex of Belgium; remainder of the company renamed AGA Foodservice Ltd[49].
See Also
Sources of Information
- ↑ The Times, Jul 07, 1939
- ↑ The Times, Sep 20, 1941
- ↑ The Times (London, England), Wednesday, Apr 14, 1943
- ↑ The Times, Apr 02, 1953
- ↑ The Times, Apr 08, 1954
- ↑ The Times, Dec 01, 1953
- ↑ The Times, Apr 08, 1954
- ↑ The Times Apr 18, 1957
- ↑ The Times, Nov 01, 1960
- ↑ The Times, Mar 01, 1962
- ↑ The Times, May 15, 1962
- ↑ The Times, Apr 01, 1965
- ↑ The Times, Apr 09, 1968
- ↑ The Times, Oct 20, 1965
- ↑ The Times, Mar 10, 1966
- ↑ The Times Feb 10, 1967
- ↑ The Times, Nov 07, 1967
- ↑ The Times, Jan 20, 1968
- ↑ The Times, May 02, 1968
- ↑ The Times, Feb 28, 1969
- ↑ The Times, Aug 20, 1969
- ↑ The Times, Apr 07, 1970
- ↑ The Times, Sep 04, 1970
- ↑ The Times, Mar 26, 1971
- ↑ The Times, Apr 06, 1971
- ↑ The Times, Mar 11, 1972
- ↑ The Times, Apr 08, 1972
- ↑ The Times, Jun 07, 1972
- ↑ The Times, Apr 13, 1972
- ↑ The Times, Sep 16, 1972
- ↑ The Times, Apr 18, 1973
- ↑ The Times, May 24, 1973
- ↑ The Times, Dec 03, 1976
- ↑ The Times, Aug 04, 1977
- ↑ The Times, Aug 24, 1977
- ↑ The Times, Nov 08, 1978
- ↑ The Times, Sep 11, 1981
- ↑ The Engineer 1982/04/22
- ↑ The Times, May 05, 1982
- ↑ The Times, Aug 04, 1983
- ↑ The Times, April 08, 1986
- ↑ The Times, May 03, 1986
- ↑ The Times, August 05, 1986
- ↑ The Times June 3, 1987
- ↑ The Times, March 15, 1997
- ↑ The Times, March 25, 1999
- ↑ The Times, February 26, 1999
- ↑ The Times, July 06, 1999
- ↑ The Times, May 15, 2001