Difference between revisions of "Beans Industries"
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1961 General engineers and iron founders for the motor and engineering trades. 2,00 employees | 1961 General engineers and iron founders for the motor and engineering trades. 2,00 employees | ||
By 1969 was a subsidiary of [[British Leyland]]<ref>The Times, May 31, 1969</ref> | By 1969 was a subsidiary of [[British Leyland Motor Corporation|British Leyland]]<ref>The Times, May 31, 1969</ref> | ||
At some point the company was renamed '''Beans Engineering'''. | At some point the company was renamed '''Beans Engineering'''. |
Revision as of 16:36, 8 January 2016
General Engineers, of Tipton, Staffordshire
1933 Private company, owned by Hadfields, formed to acquire the fixed assets and stocks of Beans Cars Ltd; the company would supply components to the motor industry[1], especially crankcases and gearboxes; later concentrated on remanufacturing engines[2].
1936 Hadfields disposed of all of its interests in Beans Industries[3]
1936 Public company Smethwick Drop Forgings was formed to acquire the drop forgings business of Beans Industries[4]
1937 Became public company. Victor Riley was Chairman.
1940 Record output[5]; seems to have been a public company at this time
1961 General engineers and iron founders for the motor and engineering trades. 2,00 employees
By 1969 was a subsidiary of British Leyland[6]
At some point the company was renamed Beans Engineering.
1972 BL transferred its marine engine work to Beans, which had 1000 employees at Tipton sites[7].
1988 Management buyout from Rover with investment from 3i; 300 employees[8].
1992 Beans Engineering acquired Reliant, one of its largest customers, from the receivers[9].
1994 Went into receivership due to debts within some of its subsidiaries; the receiver planned to sell Reliant[10].