Difference between revisions of "Beans Industries"
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1972 '''BL''' transferred its marine engine work to '''Beans''', which had 1000 employees at Tipton sites<ref>The Times, Nov 30, 1972</ref>. | 1972 '''BL''' transferred its marine engine work to '''Beans''', which had 1000 employees at Tipton sites<ref>The Times, Nov 30, 1972</ref>. | ||
1988 Management buyout from [[Rover]] with investment from | 1988 Management buyout from [[Rover]] with investment from [[Investors in Industry|3i]]; 300 employees<ref>The Times, March 02, 1988</ref>. | ||
1992 Beans Engineering acquired [[Reliant]], one of its largest customers, from the receivers<ref>The Times, July 17, 1992</ref>. | 1992 Beans Engineering acquired [[Reliant]], one of its largest customers, from the receivers<ref>The Times, July 17, 1992</ref>. |
Revision as of 11:49, 24 October 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].