Grace's Guide

British Industrial History

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Miles Druce and Co

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of Horn Lane, Acton, London

of High Wycombe (1971)

1789 Company founded as a partnership of iron, steel and zinc stockholders of London and West Bromwich[1].

1857 "Crown and Thistle" brand established for crown iron bars

1888 Small keg and drum-making business at Thornton Heath was acquired

1937 Miles Druce and Co was established as a private company to acquire certain businesses of iron, steel and zinc merchants (the othes being Thomas Bonser and Co of Birmingham) and the brewers W. and R. Wilkins Ltd[2]

1939 Acquired John Knox and Co, steel stockholders of London

1954 Company made public - iron and steel stockholders of London and Birmingham[3]. Acquired Trafford Park Steel Warehouse Ltd[4] Acquired Floodgate Steel Fabricating Co of Birmingham.

1957 Acquired Godwin, Warren and Co[5]

1960 Acquired Douglas Elliott and Co/Douglas Elliot Steel Ltd of Leeds[6]

1961 Engaged in steel stockholding, steel fabrication and structural engineering; manufacturing of steel containers. 600 employees. [7]

1962 Acquired Jackson Harding of Hebburn on Tyne[8]

1963 Acquired H. B. Everton Roadways[9]

1964 Acquired P. B. Grigg and Sons[10]

1965 Acquired 50 percent of Aluminium Distributors of Old Hill, Staffs, to handle distribution of the products of James Booth Aluminium[11].

1966 Acquired Scottish steel stockholders A. G. McFadden and Co; claimed to be the UK's largest steel stockholder[12]

1967 Reorganisation on national basis was expected to provide advantages in dealing with the new British Steel company[13]. Steel stockholders stop price-fixing.

1967 Acquired General Steel and Iron of Barking[14]

1967 Acquired E. and H. P. Smith's steel stockholding subsidiaries Alder Hardware and H. L. Reynolds[15]

1968 Had introduced a computer which "revolutionized steel stockholding"[16] but computer problems and a new warehouse affected profits[17]

1969 Acquired A. Jackman and Co[18]. Had 10 percent of the UK market.

1970 Acquired Cramond and Co of Dundee[19] and W. M. and A. Quiney[20]

1971 Substantial fall in profit due to slump in demand[21]

1972 GKN, which had 13 percent share of the market, made a take-over bid for the company[22] which was unsuccessful. The company indicated it would diversify away from steel[23]

1974 GKN took over the company after delays due to need for approval from European Commission and uncertainty about the rules[24].

See Also

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Sources of Information

  1. The Times, Feb 24, 1954
  2. The Times, Feb 03, 1937
  3. The Times, Feb 11, 1954
  4. The Times, Feb 24, 1954
  5. The Times, Jan 11, 1957
  6. The Times, Aug 26, 1960
  7. 1961 Dun and Bradstreet KBE
  8. The Times, Aug 24, 1962
  9. The Times, Oct 30, 1963
  10. The Times, Jul 07, 1964
  11. The Times, Feb 11, 1965
  12. The Times, Mar 30, 1966
  13. The Times, May 01, 1967
  14. The Times, Jun 03, 1967
  15. The Times, Dec 30, 1967
  16. The Times, Apr 24, 1968
  17. The Times, Feb 06, 1969
  18. The Times, Feb 06, 1969
  19. The Times, Apr 29, 1970
  20. The Times, Jun 27, 1970
  21. The Times, Sep 16, 1971
  22. The Times, Jan 15, 1972
  23. The Times (London, England), Saturday, Apr 13, 1972
  24. The Times, Apr 13, 1974