Grace's Guide

British Industrial History

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 145,349 pages of information and 230,731 images on early companies, their products and the people who designed and built them.

Lindustries

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of 100 Brompton Rd, London

1961 The Linen Thread Co changed its name to Lindustries[1]

1961 Delaney Gallay was a subsidiary[2]

1961 Acquired Joseph Rhodes, Heating Elements, and a 60 percent interest in Waddington and Duval (Holdings)[3]

1963 The investments of the company were still dominated by textile-related activities but there had been some diversification; the main divisions were[4]:

1964 Disposed of Elliot Equipment; acquired Blackstaff Flax Spinning and Weaving Co and further shares in Doagh[5]

1965 More than half of profits came from Engineering, which justified the policy of diversification; would continue to broaden the company[6]

1966 A director, Bernard Boxall, was one of the first members of the Industrial Reorganization Corporation[7]

1968 Acquired Warne Co which became part of the new Rubber Division

1969 Rubber Division closed a loss-making subsidiary[8]

1972 Had a Polymer Division with an industrial section, and a medical and dispenser section; Textile Division sold 2 loss-making companies[9]

1973 Highest declared profit in the company's history; William Warne and Co had recovered from its substantial loss; Barbour Threads, the main component of Textiles, had substantially increased its profits[10]

1973 Acquired Whiteley, Lang and Neill, precision engineers.

1974 Cowlishaw Walker and Co was a subsidiary which suffered losses; another part of Engineering Division suffered losses due to the problems in the automotive industry[11]

c.1976 Acquired H. A. Coombs, rubber band and packaging maker[12]

1977 Textiles made almost as much profit as Engineering, despite much lower turnover[13]

1979 Lindustries taken-over by Hanson Trust.

See Also

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Sources of Information

  1. The Times, Jul 20, 1961
  2. The Times, Sep 08, 1961
  3. The Times, March 23, 1962
  4. The Times, Mar 22, 1963
  5. The Times, Mar 20, 1964
  6. The Times, Mar 19, 1965
  7. The Times, May 05, 1966
  8. The Times, Feb 14, 1970
  9. Times, Feb 18, 1972
  10. The Times, Feb 22, 1973
  11. The Times, Feb 15, 1974
  12. The Times, Dec 22, 1977
  13. The Times, Jul 07, 1977