Mayflower Corporation
1989 Created from the "shell" of a toy company called Triang Trust[1]
1990 Sold the Triang Leisure subsidiary
1991 The group, makers of synthetic webbings and provider of marketing services, had returned to profit for the first time since 1987[2]
1991 Acquired the British and American businesses of Motor Panels, makers of car bodies, from the receivers of C. H. Industrials[3]
1993 Acquired the design consultancy International Automotive Design (IAD) of Worthing which had been hit by the collapse of Leyland DAF[4]
1995 Acquired Walter Alexander and Co (Coachbuilders)[5]
1996 Tried but failed to acquire Pullman Corporation, which was the owner of Clevite, suspension component maker, its only business; this would be funded by a major rights issue[6]
1996 Acquired SCSM of USA, maker of metal pressings and body sub-assemblies[7]
1998 Acquired Dennis
2000 Mayflower and Henlys combined their UK bus and coach manufacturing interests in TransBus International. Faced with overcapacity and duplicate products, the new company consolidated some of its operations, but managed to retain its major production centres, albeit at a reduced scale.
c.2000 Established e3Energy subsidiary to supply wind farms
2002 Won first contract for a wind farm offshore UK in partnership with Vestat[8]
2004 Mayflower collapsed due to heavy debts; TransBus International was put into administration. A consortium of Scottish investors rescued the Guildford, Falkirk and Larbert operations under the new combined name Alexander Dennis. In place of the Plaxton factory in Wigan, a new aftermarket headquarter and parts warehouse was established in neighbouring Skelmersdale. The Plaxton activities at Scarborough and Anston were the subject of a management buy-out.
See Also
Sources of Information
- [1] Alexander Dennis