J. and P. Coats
of Ferguslie Thread Works, Paisley
1824/6 James Coats opened a cotton mill making thread. The works were power by a 12hp engine[1]
His eldest son, James, became a partner, followed by Peter
1830 James retired from active management of the business, handing the business to his sons, James and Peter, who took up the business
At some point the name of the business became J. and P. Coats.
1835 Thomas Coats became a partner
1842 Business established in America
1851 The firm had 3 members one of whom was Peter[2], the others presumably James and Thomas.
1857 After the death of their father, the remarkable development and growth of the company was a result of the efforts of Peter and Thomas.
1861 Thomas was an acting partner[3]
1884 Became a Joint Stock Corporation
1889 Formed formed a joint sales company with Clark and Co (of Paisley), Jonas Brook and Brothers.
1890 Incorporated as a Limited Company; directors included:[4]
- Archibald Coats, Chairman, of Ferguslie Thread Works
- James Coats (USA)
- James Coats junior of Ferguslie Thread Works
- Thomas Glen Coats of Ferguslie Thread Works
- Peter Coats junior of Ferguslie Thread Works
- George Coats of Ferguslie Thread Works
- Daniel Coats of Ferguslie Thread Works
- William Allan Coats of Ferguslie Thread Works
- Sir James King
- Sir James Whitehead
- Sir William Arrol
- Otto E. Philippi of Ferguslie Thread Works (had managed the foreign trade of the company for more than 10 years).
1890 Coats listed on the London Stock Exchange. The company was registered on 6 August, to take over the business of the firm of the same name.
1896 J. and P. Coats acquired control of the businesses of Clark and Co (of Paisley), Jonas Brook and Brothers and James Chadwick and Brother [5]
1897 Site is 50-60 acres and they employ 5,000 persons
1903 Writ J. and P. Coats against the Yorkshire Woolcombers Association. Plaintiffs, J. and P. Coats (Limited), George Coats, Otto Ernest Phillippi, Robert Easton Aitken, Robert Campbell Mackenzie, and Lewis Clapperton, v. Defendants, Thomas Crossland, William Crowther-Dixon, James Hill, Arthur Simeon, Joseph Musgrave, Joseph Harold Smith, Thomas Speight, and Francis Willey.[6]
1914 Chairman: Sir Thomas Glen-Coats, Bart. The Ferguslie Thread Works at Paisley was the largest of their kind.
1952 J. and P. Coats and the Clark Thread Co merged to become Coats & Clark Inc. in the United States.
1960 Merged with Patons and Baldwins to create J. and P. Coats, Patons and Baldwins.
See Also
Sources of Information
- [1] Wikipedia