Redman Heenan
Redman Heenan International
1968 Merger of Redman Tools and Heenan Group by one-for-one share offer for Heenan by Redman[1] forming Redman Heenan International.
1969 May: Redman Heenan International took over Auxiliary Rolling Machinery of Tipton and began the job of injecting life into the organisation. Now as Redman A.R.M. it is on the road to recovery . ...[2]
1969 Acquired Fisholow Products of Coseley, makers of materials handing equipment, from British Leyland Motor Corporation[3]
Substantial expansion of subsidiary Fielding and Platt of Gloucester[4].
1970 Court Works was one of the few parts of the group that was making a loss, due to commitments under some old contracts.[5]
Large losses incurred on an East European contract
1970 Redman Engineering, the Worcester-based company of the Redman Heenan Interational Group, has received orders for 10 bumper machines worth £900,000. This is a record for the company, which invented and developed the engineering process of ...[6]
1971 Accounting irregularities found at Redman Broughton, which had joined the group in 1966[7]; the King's Norton factory was closed and all work moved to the other Broughton factory at Hockley[8]
The financial losses at the company led to a change of senior management; the new MD found a lack of corporate and financial control, with the 20 subsidiaries each having to find their own way independently; drastic action was taken to redress the situation. The company was reformed into 4 operating divisions and a divestment division[9]
1971 Closed the Gregory Bank (Worcester) factory which had been making the car bumper-forming machines; Fielding and Platt would handle any further orders; Unitool products would be handled at Redman Engineering's Swindon plant, and Humphris Press Equipment at Redman ARM Tipton[10]
1972 Sold Armstrong Stevens to Warne Wright[11]
1972 The three companies Redman ARM., Redman B. and K., and Humphris Press Equipment, are being brought together under a division holding company called Redman Process Engineering They will continue to operate under their own names ... [12]
1972 Newman Industries purchased Court Works from Redman Heenan International and subsequently transferred it to H. W. Lindop[13].
1972 Sold Freeman, Taylor Machines to Frank Lewis (London)[14]. Redman Heenan Froude installed its first furnace specifically designed for disposal of tyres at Goodyear's plant in Wolverhampton[15].
By the end of the year the company was breaking-even[16]
1973 Redman Engineering had a branch at Swindon - Redman Engineering (Swindon) Ltd
1974 The outlook seemed to be improving[17]:
- Redman Heenan Froude at Worcester, made engineering products
- Fielding and Platt at Gloucester, made aluminium extrusion presses, concrete presses and Redman bumper-bar forming machines
- Redman Heenan Process Engineering at Tipton, designed coil-coating plant
- Redman Fisher Engineering at Tipton
See Also
Sources of Information
- ↑ The Times, 30 July 1968
- ↑ Wolverhampton Express and Star 22 September 1969
- ↑ The Times (London, England), Thursday, Apr 24, 1969
- ↑ The Times, Oct 01, 1969
- ↑ The Times, Feb 14, 1970
- ↑ Birmingham Daily Post 26 January 1970
- ↑ The Times, Jan 16, 1971
- ↑ The Times, Jan 28, 1971
- ↑ The Times, Nov 06, 1972
- ↑ The Times Oct 05, 1971
- ↑ The Times, Jan 13, 1972
- ↑ 05 April 1972 Wolverhampton Express and Star
- ↑ The Times, 14 April 1973
- ↑ The Times Jul 04, 1972
- ↑ The Times, Aug 23, 1972
- ↑ The Times, Dec 29, 1972
- ↑ The Times, Jan 15, 1974