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British Industrial History

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Martin, Black and Co

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1943.

Martin-Black plc, wire rope manufacturers, of Coatbridge.

1887 company formed (?)

1937 Martin, Black Ltd, of Speedwell Works, supplier of Tru-Lay Ropes[1]

1957 Juru Estates, listed on the Stock Exchange, acquired Martin, Black (Wire Ropes) and changed its name to Martin-Black Ltd[2]

Stock market listing acquired for Martin-Black (Wire Ropes) Ltd[3]

By 1981 subsidiary companies included:

1965 Planned to build a plant in Canada which would use wire shipped from Scotland[4] and to double the capacity of the Indian plant[5]

1975 Rights issue, partly because of the need for extra funds due to the increased size of orders for the offshore oil industry[6]

1976 Queen's Award for Export[7]

1984 After several years of losses and sale of the Canadian subsidiary, Martin-Black ceased wire making operation in Glasgow and sold the wire businesses to Bridon; the remaining businesses were Ryeside Constructional and a 10 percent interest in an Indian company[8]

1985 Reverse take-over and renamed as Dean Park Hotel Group[9]

1986 Acquired by Queens Moat Houses[10]

See Also

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Sources of Information

  1. The Times, Jul 15, 1937
  2. The Times, Aug 17, 1957
  3. The Times, Sep 18, 1957
  4. The Times, Jan 26, 1965
  5. The Times, Feb 24, 1965
  6. The Times, May 03, 1975
  7. The Times, Apr 21, 1976
  8. The Times, May 22, 1984
  9. The Times, Jul 08, 1985
  10. The Times, September 25, 1986
  • Scottish Archive Network