|Headquarters||Abingdon, Oxfordshire, United Kingdom|
|Key people||Lord Plowden, (Chairman)|
TI Group plc (formerly Tube Investments) was a holding company for specialised engineering companies. It was based in Abingdon, Oxfordshire. It was registered as Tube Investments in 1919, combining the seamless steel tube businesses of Tubes Ltd, New Credenda Tube (later known as Creda), Simplex and Accles & Pollock. In 1928 Reynolds Tube joined the group. Tube Investments was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index. It was acquired by Smiths Group in 2000.
History[edit | edit source]
The company was registered as Tube Investments in 1919, combining the seamless steel tube businesses of Tubes Ltd, New Credenda Tube (later known as Creda), Simplex and Accles & Pollock. Reynolds Tube joined the group in 1928 .
The British Cycle Corporation subsidiary was formed in 1946 and eventually held Phillips Cycles, Hercules Cycles (no connection with the German Hercules company), Armstrong, Rudge-Whitworth, Norman Cycles and Sun Cycles.
Raleigh Industries joined the group in 1960, bringing BSA Cycles and J. B. Brookes. In 1963 the company bought Russell Hobbs, kettle manufacturers, and Sir Ivan Stedeford retired as chairman and chief executive officer and became life president.
Over the next few years, the Group acquired Technoflow Tube Systems (Germany), Bundy Asia Pacific, S&H Fabricating and Engineering (USA), Kenmore Italiana (Italy), Walbro Corporation (USA), and Marwal (France).
Operations[edit | edit source]
The three major divisions were John Crane International, manufacturer of mechanical seals, Bundy Corporation, a tubing manufacturer and supplier to the refrigeration and automotive industries, and Dowty Group, an aerospace company. The group also owned TI Creda, a manufacturer of domestic cookers, and owned TI Chesterfield Cylinders, a manufacturer of pressurised gas cylinders for companies such as BOC and Air Products: the business was sold in ? and the factory moved from Chesterfield to Sheffield.
References[edit | edit source]
- Accles & Pollock: About us
- Obituary: Lord Plowden
- Raleigh: History
- Paragraph 879, House of Commons Debates Hansard, 25 July 1983
- Raleigh bicycle history
- GEC buys Creda business from TI Group
- TI Automotive: Heritage
- British engineering merger moves forward
- "Engineering rivals to merge", BBC News (2000-09-18). Retrieved on 2006-09-25.
- TI Group plans to sell off auto suppliers
- "TI Group plc - Company History". fundinguniverse.com (1997). Retrieved on 2006-09-26.
- MBO in 2004 from German successor to TI Chesterfield Cylinders
[edit | edit source]
- History of the TI Group, from the company's former website on the Internet Archive
- TI Group former website on the Internet Archive
- Smiths Group History
|This page uses some content from Wikipedia. The original article was at TI Group. 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|