Reynolds TI Aluminium
1957 Formation of a joint venture of Reynolds Metals Co (49%) and Tube Investments (51%)[1], to hold TI's aluminium activities[2]
1958 Reynolds TI Aluminium was majority owned by Tube Investments; Reynolds T I Aluminium planned to acquire Venesta Ltd, maker of aluminium foil[3]
1958 Reynolds TI Aluminium made a take-over bid for British Aluminium Co which was to have a defining effect on the need for companies to take account of shareholders' views in responding to bids. Eventually the TI/Reynolds combine won[4]
1958 TI Aluminium and Reynolds Metals of the USA took over British Aluminium Co Ltd[5]
1959 After a re-organistion of Venesta into a group of separate companies, Reynolds TI Aluminium took over the foils business[6] which was formed into 2 companies - Aluminium Foils Ltd to handle the British assets and India Foils Ltd which held the Indian assets[7]
1978 Reynolds sold its stake in British Aluminium Co; T. I. Aluminium increased its holding to 58% with 42% of British Aluminium being floated.