Grace's Guide

British Industrial History

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Electrical and Industrial Securities

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1899 Company incorporated as English Velvet and Cord Dyers Association

1957 Michael Lewis and friends acquired the company[1]

1957 Acquired retail tailors Kilgour, French and Stanbury[2]

1957 On change of control, the company expanded into industrial activities and changed its name to E. V. Industrials[3]

1957 Acquired Farrar Boilerworks of Newark[4] and Kontak Manufacturing Co, precision engineers in the fields of jet engines and nuclear power[5]

1959 Acquired S. E. Opperman[6]

1959 Acquired H. and C. Davis and Co and Westminster Construction from Henry Briggs who later joined the board. The Fraud Squad was investigating dealings in the shares[7]

1963 EV Industrials subsidiaries were:

1965 Disposed of Westminster Construction Co, and H. and C. Davis and Co Ltd; owned English Velvets Ltd (Greenhill Mill), the Furse companies, Kontak Manufacturing Co[8]

1966 Name was changed to Electrical and Industrial Securities[9]

1966 The W. J. Furse group was transferred to Crown House Engineering in exchange for shares in Crown House Engineering[10]. Acquired London and Provincial Laundries, which had the same chairman[11]

1968 The "Washeteria firm"[12]

1968 Acquired Hick, Hargreaves and Co despite questions about the degree of fit.

1969 Also owned Foster, Yates and Thom and Automations International (U.K.); planned to dispose of English Velvets[13]

1978 Acquired aircraft pump subsidiary of Weir Group, C. F. Taylor, which strengthened its aircraft components activities[14]

1980 Purchased Premier Precision Ltd (Bracknell) and the Horstman Defence Systems Ltd (Bath) from Lucas [15][16]

1981 Name changed to EIS Group

1982 Acquired Rubery Owen Hydraulics, which became part of Kontak Manufacturing[17]

1989 Sold Kontak Hydraulics to Commercial Hydraulics of Bedford[18]

1995 Acquired Aerostructures Hamble Holdings at a much lower valuation than when that company had been spun out of British Aerospace (BAe) in 1990[19]

1998 Acquired by TI Group which was interested because of EIS's fluid handling and aerospace-related businesses.

Part of Smiths

See Also


Sources of Information

  1. The Times, Jun 27, 1957
  2. The Times, Sep 27, 1957
  3. The Times, Nov 20, 1959
  4. The Times, Dec 05, 1957
  5. The Times, Dec 31, 1957
  6. The Times, Jun 16, 1959
  7. The Times (London, England), Saturday, Nov 21, 1959
  8. The Times, May 20, 1966
  9. The Times, Mar 13, 1968
  10. The Times, Nov 04, 1966
  11. The Times, Dec 06, 1966
  12. The Times, Jul 09, 1968
  13. The Times, Sep 30, 1969
  14. The Times, Jan 12, 1978
  15. The Times, Nov 29, 1980
  16. The Times, Jun 10, 1981
  17. The Times, Jan 28, 1982
  18. The Times September 09, 1989
  19. The Times, September 29, 1995
  • Worldwide company names [1]