Grace's Guide

British Industrial History

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Transport and Chemical Engineering

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Transport and Chemical Engineering (T.A.C.E.), investor in private and family-controlled engineering companies, in transport and precision engineering, and instrumentation.

1967 Transport and Chemical Engineering was floated by London and Northern Securities; it had 2 subsidiaries - Yorkshire Engineering and Welding Co and HWP Engineering Co[1]

1968 Acquired Northumbrian Metal[2]

1968 Acquired 75 percent of Goring Kerr[3] of Windsor

1969 Acquired 2 more companies[4]

1973 Transport and Chemical Engineering acquired Balmforth Engineering of Luton[5].

1974 Name changed to TACE[6].

1983 Floated about 40 percent of the shares in Goring Kerr, the company's high tech US subsidiary[7] which specialised in metal detection[8]

1984 Planned to float British Indicators and Tace Industrial, maker of weighing machines for the food manufacturing industry[9]

1988 Acquired Airmatic to extend the range of inspection equipment[10]

1989 Sold 4 of the engineering subsidiaries to form Prospect Industries; these were Thomas Evans and H. A. Birch, Campbden Instruments and Airmatic Engineering[11][12]

1991 TACE, environmental engineers, was acquired by Cambridge Electronic Industries[13]

See Also


Sources of Information

  1. The Times Nov 01, 1967
  2. The Times, Jul 04, 1968
  3. The Times, Jun 11, 1968
  4. The Times, Apr 21, 1969
  5. The Times, Feb 21, 1973
  6. The Times, Dec 20, 1974
  7. The Times, Aug 17, 1983
  8. The Times Sep 15, 1983
  9. The Times, Jul 12, 1984
  10. The Times August 25, 1988
  11. The Times Nov. 15, 1989
  12. The Times July 28, 1990
  13. The Times July 23, 1991