Grace's Guide

British Industrial History

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Haden Carrier

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1970 G. N. Haden and Sons acquired Carrier Engineering Co

1971 Group name changed to Haden Carrier[1]

1971 Providing electrical and mechanical engineering service to the building industry; all divisions were performing well except the electrical side of Haden Young[2]

1972 Australian subsidiary, Drysys Equipment, gained a contract for a paint shop for Todd Motor Industries of Wellington, New Zealand[3]

1973 The 2 main divisions in the UK, Haden Young and Carrier Drysys, were both affected by building workers' strikes. F. A. Pullinger was chairman[4]

1973 Excellent performance by all parts of Haden Young and all of Carrier Drysys except Carrier Engineering, as reported in the annual results[5]

By 1975 was organised in divisions[6]:

  • Building Engineering Services, including Haden Young
  • Haden International
  • Carrier Drysys

1976 Formation of venture with Rockall Scotia Resources Ltd, Haden Rockall Maintenance, to which would offer services to the North Sea oil industry[7]

1978 Problems with Middle East contracts, where Haden was a subcontractor, pulled the results down; as well as building services engineering, the group was also involved in metal finishing, especially for the motor industry[8]

1981 Haden Carrier was renamed Haden

1981 Haden Drysys would market Hitachi's paint spraying robots in the UK[9]. Haden Drysys, of Birmingham, won order from General Motors for painting plant in 3 GM factories[10]

1982 Name changed to Haden plc

1985 Trafalgar House bid to acquire the group; the management proposed a "white knight" deal in the form of a management buy-out of the company at considerably higher price and won[11] The name of the company was changed to Haden Group plc.

1985 Re-registered as a private company

1985 UK subsidiaries included[12]:

plus 17 overseas subsidiaries

1986 BICC acquired the Building Services division; as a result this would allow Haden Group to return to the stock market later. Haden would be about half the previous size, concentrating on paint shops for car manufacturers, mainly in USA[13]

1986 Haden Ltd was renamed Haden Building Services Ltd

1987 Haden Group, industrial paints company, and Haleworth Holdings, both private companies, were acquired in a reverse take-over by P. and W. MacLellan, a small agricultural parts supplier which had been taken over by entrepreneur Philip Ling, who had been MD of Haden at the time of the management buyout[14]. The new group would be known as Haden MacLellan Holdings.

See Also

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Sources of Information

  1. The Times, May 15, 1971
  2. The Times Nov. 12, 1971
  3. The Times, Oct 09, 1972
  4. The Times, May 10, 1973
  5. The Times May 30, 1974
  6. The Times May 23, 1975
  7. The Times, Jan 13, 1976
  8. The Times May 4, 1978
  9. The Times, May 20, 1981
  10. The Times, Aug 26, 1981
  11. The Times, October 02, 1987
  12. 1985 Annual report
  13. The Times Aug. 5, 1986
  14. The Times, October 02, 1987