T. I. Aluminium
Maker of aluminium and aluminium alloys, of Redfern Road, Tyseley, Birmingham
Part of Tube Investments
1948 Company formed by Tube Investments to bring together the administrative, research and marketing activities of its aluminium subsidiaries, namely Reynolds Light Alloys, Reynolds Rolling Mills and South Wales Aluminium [1]
1950 Part of the Tube Investments Group[2]
1957 Formation of a joint venture Reynolds T I Aluminium with Reynolds Metals, which was jointly owned by the 2 partners, to hold TI's aluminium activities[3]
1958 Reynolds T. I. Aluminium was majority owned by Tube Investments; Reynolds T I Aluminium planned to acquire Venesta Ltd, maker of aluminium foil[4]
1958 Reynolds T I Aluminium made a take-over bid for British Aluminium Co which was to have a defining effect on the need for companies to take account of shareholders' views in responding to bids. Eventually the TI/Reynolds combine won[5]
1958 T. I. Aluminium and Reynolds Metals of the USA took over British Aluminium Co Ltd[6]
1959 After a reorganistion of Venesta into a group of separate companies, Reynolds T I Aluminium took over the foil business[7]
1978 Reynolds sold its stake in British Aluminium Co; T. I. Aluminium increased its holding to 58% with 42% of British Aluminium being floated.
1981 Closed the Invergordon smelter which was losing money heavily[8]