TI Group: Difference between revisions
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1986 Sold [[Russell Hobbs]] and Tower Housewares to [[Polly Peck]]<ref>The Times, December 12, 1986</ref> | 1986 Sold [[Russell Hobbs]] and Tower Housewares to [[Polly Peck]]<ref>The Times, December 12, 1986</ref> | ||
1987 Strategic redirection continued. Sold the home heating division, [[Glow Worm Boilers]] and [[Parkray]], to [[ | 1987 Strategic redirection continued. Sold the home heating division, [[Glow Worm Boilers]] and [[Parkray]], to [[Hepworth Ceramic Holdings]]<ref>The Times, April 02, 1987</ref> | ||
1987 [[Raleigh Industries|Raleigh]] was sold. [[Creda]] was sold to the [[GEC]] Group. The [[New World]] division was sold to [[Birmid Qualcast]]; New World was the largest cooker maker in Britain<ref>The Times, May 23, 1987</ref> | 1987 [[Raleigh Industries|Raleigh]] was sold. [[Creda]] was sold to the [[GEC]] Group. The [[New World]] division was sold to [[Birmid Qualcast]]; New World was the largest cooker maker in Britain<ref>The Times, May 23, 1987</ref> | ||
Revision as of 11:18, 5 April 2024
1982 Tube Investments changed its name to TI Group plc[1]
1982 The company was heavily in debt but the main cause of concern was the holding in British Aluminium Co through T. I. Aluminium[2]
1985 FKI Electricals acquired 4 transport equipment companies: TI Crypton, TI Bradbury, TI Transervice, TI Transport Equipment[3]
1986 Under a new chief executive, the company's strategy became one of concentrating on specialized engineering activities; the businesses producing domestic appliances and low margin goods were to be sold[4]
1986 Sold Russell Hobbs and Tower Housewares to Polly Peck[5]
1987 Strategic redirection continued. Sold the home heating division, Glow Worm Boilers and Parkray, to Hepworth Ceramic Holdings[6]
1987 Raleigh was sold. Creda was sold to the GEC Group. The New World division was sold to Birmid Qualcast; New World was the largest cooker maker in Britain[7]
1988 Acquired Thermal Scientific. TI kept the vacuum equipment and thermal processing activities but disposed of everything else. It was expected that these would fit with TI's Ipsen Abar subsidiary.[8]
1988 Acquired Bundy Corporation of USA[9]
1992 Dowty Group was purchased.
1996 Sold 3 small subsidiary companies, TI Desford Tubes, TI Matrix Engineering and Hollow Extrusions, to Hay Hall Group[10]; Accles and Pollock was also sold to Hay Hall Group.
1998 Sold the Thermal Processing Group to Bodycote[11]
1999 Creation of TI Group Automotive Systems
2000 TI Group merged with Smiths Industries to become the Smiths Group.