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CompAir Group
Type Engineering and Manafacturing
Founded 1801 (as Holman Limited)
Headquarters Redditch, Worcestershire, UK
Industry Compressed Air & Gas
Products Air and Gas compressors
Operating income £ 6.7 million
Net income £ 231 million
Employees 1,750
Website www.compair.com/

CompAir is an engineering and manufacturing company specialising in compressed air and gas systems.

CompAir was acquired by Alchemy Partners from Invensys, which retained a small minority shareholding. Alchemy has invested £41.4 million to fund a complete restructuring of the loss-making CompAir business, in return for a 67% shareholding.

History

CompAir was actually formed when Holman merged with BroomWade to produce "an organisation with the resources to compete effectively in world markets. The name of the group was the International Compressed Air Corporation. Four years later the name was changed to CompAir.

Time Line

  • Holman Bros Ltd formed in 1801 in Camborne, Cornwall, UK
  • BroomWade in 1898 in High Wycombe, Buckinghamshire, UK
  • In 1968 the two companies merged to form CompAir
  • In 1985 Compair was acquired by Siebe Gorman
  • In 1999 Siebe PLC and BTR plc merge to become Invensys
  • In 2002 sold to Alchemy Partners (Guernsey) Ltd. for £ 1.
  • October 2008 Alchemy sold Compairto Gardner Denver. for a total of £200.6 million.

To finance the acquisition, Gardner Denver used excess available cash and new syndicated credit facilities.

Product range

  • Air Compressors
  • Pneumatic drills
  • Breakers

See also

  • Camborne
  • Holman Projector
  • Holman Climax Male Voice Choir

External links



Smallwikipedialogo.png This page uses some content from Wikipedia. The original article was at CompAir. The list of authors can be seen in the page history. As with Tractor & Construction Plant Wiki, the text of Wikipedia is available under the Creative Commons by Attribution License and/or GNU Free Documentation License. Please check page history for when the original article was copied to Wikia