Difference between revisions of "Associated British Engineering"

Revision as of 14:17, 1 June 2010

Associated British Engineering

1939 Formed from the Petters Company after sale of Petter's manufacturing interests. Petters had become a holding company with most of its income derived from its shares in Brush (in which it held a controlling interest) and other investments^[1]. Name changed to Associated British Engineering; aim of the company to achieve consolidation of the oil-engine industry^[2].

1949 Two of the directors, who were also directors of Brush, would join the board of Henry Meadows Ltd of Wolverhampton. Brush to have the option of acquiring at cost any shares acquired as a result of this liaison by Associated British Engineering. Henry Meadows had one of the most modern engine factories in the country. This arrangement would enable Meadows to produce for Brush a range of diesel engines that Brush had designed, as well as the supply of gear-boxes to Brush for use with their diesel engines, meeting a large proportion of Brush's needs for gear-boxes from one source ^[4].

1950 Sold shareholding in National Gas and Oil Engine Co of Ashton under Lyne at cost to Brush with option for Brush to acquire the remainder of Associated's holding^[5].

1950 Took over Hopkinson Electric Co Ltd of Cardiff, manufacturer of small electric motors. Agreed sale to Brush to enable Brush to expand production^[6].

1950 Acquired shares in Heenan and Froude Ltd of Worcester from Brush in exchange for £200,000 cash^[7].

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 '''Associated British Engineering'''
-* 1939 Formed from the [[Petters]] Company after sale of '''Petter's''' manufacturing interests.  Petters had become a holding company with most of its income derived from its shares in '''Brush''' and other investments<ref> The Times, 9 September 1938</ref>. Name changed to '''Associated British Engineering'''; aim of the company to achieve consolidation of the oil-engine industry<ref>The Times, 9 December 1938</ref>.
+* 1939 Formed from the [[Petters]] Company after sale of '''Petter's''' manufacturing interests.  Petters had become a holding company with most of its income derived from its shares in '''Brush''' (in which it held a controlling interest) and other investments<ref> The Times, 9 September 1938</ref>. Name changed to '''Associated British Engineering'''; aim of the company to achieve consolidation of the oil-engine industry<ref>The Times, 9 December 1938</ref>.
 * 1945 Capt R. C. Petter resigned from the board<ref>The Times, 20 June 1945</ref>