Grace's Guide

British Industrial History

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Suter

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Industrial conglomerate, specialising in low technology industries.

1970 Ashe Laboratories acquired the chemical division of Eugene Ltd[1]. The remainder of the company, making hairdressing equipment, was renamed Suter Electrical which remained as a public company.

1978 David Abell, MD of BL Commercial Vehicles division took 30 percent stake in the company[2]

1981 Suter Electrical was negotiating with Leyland Vehicles for the purchase of Prestcold which BL had been trying to sell for 2 years[3]. Abell resigned from BL to devote his time to his interests in Suter. The purchase was completed after Suter raised money through a rights issue. Business reorganised into 4 autonomous unit[4].

1984 Suter sold Prestcold's SHUD division and 2 distribution subsidiaries to Copeland Corp of USA, which had acquired an option to buy 10% of Suter Electrical; Suter gained distribution rights to Copeland equipment[5].

1984 After a year's campaign Suter took over Francis Industries[6]

1987 Acquired Mitchell Cotts, following a period of poor performance. Suter then sold the subsidiary Howard and Humphreys to Brown and Root[7]

1993 Acquired James Wilkes. Suter set out to drive down costs even further in its subsidiary Easterbrook, Allcard and Co, seeking a leaner operation and installing central controls, investing some £2 million in 1994 on more CNC equipment.

1995 Suter plc was acquired by Ascot Holdings.


See Also

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Sources of Information

  1. The Times, 17 January 1970
  2. The Times, Mar 08, 1984
  3. The Times, 17 January 1981
  4. The Times, 6 October 1981
  5. The Times, 17 February 1984
  6. The Times, Dec 04, 1984
  7. The Times, September 17, 1987