Difference between revisions of "TI Group"
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1982 [[Tube Investments]] changed its name to '''TI Group''' plc<ref>The Times, Mar 11, 1982</ref> | 1982 [[Tube Investments]] changed its name to '''TI Group''' plc<ref>The Times, Mar 11, 1982</ref> | ||
1982 The company was heavily in debt but the main cause of concern was the holding in [[British Aluminium Co]] through [[T. I. Aluminium]]<ref>The Times, Jul 29, 1982</ref> | |||
1985 [[FKI Electricals]] acquired 4 transport equipment companies: [[Crypton Triangle|TI Crypton]], [[Joseph Bradbury and Sons|TI Bradbury]], [[Tube Investments|TI Transervice]], [[Tube Investments|TI Transport Equipment]]<ref>The Times, Nov 13, 1985</ref> | |||
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<ref> The Times, March 10, 1989</ref> | 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<ref> The Times, March 10, 1989</ref> | ||
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1987 Sold the home heating division, [[Glow Worm Boilers]] and [[Parkray]], to [[Hepworth Iron Co|Hepworth Ceramic Holdings]]<ref>The Times, April 02, 1987</ref> | 1987 Sold the home heating division, [[Glow Worm Boilers]] and [[Parkray]], to [[Hepworth Iron Co|Hepworth Ceramic Holdings]]<ref>The Times, April 02, 1987</ref> | ||
1987 [[Raleigh Industries|Raleigh]] was sold. [[Creda]] was sold to [[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> | ||
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 Industries|Ipsen Abar]] subsidiary.<ref>The Times, September 20, 1988</ref> | 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 Industries|Ipsen Abar]] subsidiary.<ref>The Times, September 20, 1988</ref> | ||
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1988 Acquired Bundy Corporation of USA<ref>TI Automotive [http://www.tiautomotive.com/heritage/]</ref> | 1988 Acquired Bundy Corporation of USA<ref>TI Automotive [http://www.tiautomotive.com/heritage/]</ref> | ||
1992 | 1992 [[Dowty Group]] was purchased. | ||
1996 Sold 3 small subsidiary companies, [[TI Desford Tubes]], [[TI Matrix|TI Matrix Engineering]] and [[Hollow Extrusions]], to [[Hay Hall Group]]<ref> The Times February 01, 1996</ref>; [[Accles and Pollock]] was also sold to [[Hay Hall Group]]. | 1996 Sold 3 small subsidiary companies, [[TI Desford Tubes]], [[TI Matrix|TI Matrix Engineering]] and [[Hollow Extrusions]], to [[Hay Hall Group]]<ref> The Times February 01, 1996</ref>; [[Accles and Pollock]] was also sold to [[Hay Hall Group]]. | ||
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2000 '''TI Group''' merged with [[Smiths| Smiths Industries]] to become the [[Smiths Group]]. | 2000 '''TI Group''' merged with [[Smiths| Smiths Industries]] to become the [[Smiths Group]]. | ||
Revision as of 15:33, 4 January 2018
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 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.
1999 Creation of TI Group Automotive Systems
2000 TI Group merged with Smiths Industries to become the Smiths Group.