Grace's Guide

British Industrial History

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Staveley Industries

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1961 Staveley Coal and Iron Co changed its name to Staveley Industries[1]

1965 Acquired Craven Brothers but it was losing money[2]

1966 Acquired Asquith Machine Tool Corporation[3] which became part of the new electrical division[4]:

1966 Acquired the electrical contracting part of Colston Electrical Co[5]

1966 Agreement with Cerebos Ltd to merge their manufacturing and bulk vacuum salt interests[6] which was incorporated in new private company British Salt Ltd, three-quarters owned by Staveley. A new salt works would be constructed in the Sandbach-Middlewich area.

1967 The group consisted of[7]:

Continued actions to rationalise and streamline with acquisitions in relevant areas. Had acquired H. J. Couzens, and Kendall and Gent and LaPointe Machine Tool Co of USA.

1970 The new chairman recognised that the company had expanded too fast in machine tools and the value of the businesses acquired was less than recognised in the books; further work was being done to identify how best to manage this division; acquired A. Anderson and Son, electrical engineers of Middlesbrough[8]

1970 Faced with continued losses in machine tools, the Craven-Swift Division was closed; the shareholding in Warner, Swasey, Asquith was sold; British Salt was closing its Stafford works after a High Court decision[9]

1973 George Salter and Co Ltd was bought by Staveley Industries, which also bought the Weigh-Tronix company of America, and other weighing businesses.

1975 After 5 years of the new management, profit was showing a substantial up-turn[10]

1976 With continued good performance, the company was looking for acquisitions[11]

1977 RMC had taken a "protective stake" in Staveleys because of its lime operations; Staveleys also had a "protective stake" in Barton and Sons, maker of abrasives[12]

1998 The weighing businesses de-merged to become the Weigh-Tronix Corporation.

2000 Guinness Peat Group bid for the remaining 70 percent of the company that it did not already own[13]

See Also

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Sources of Information

  1. The Times, Mar 09, 1961
  2. The Times, Jan 13, 1966
  3. The Times, Jul 05, 1966
  4. The Times, Jul 18, 1966
  5. The Times, Nov 09, 1966
  6. The Times, Jan 20, 1967
  7. The Times, Feb 21, 1967
  8. The Times, Mar 03, 1970
  9. The Times, Aug 28, 1970
  10. The Times, Dec 09, 1975
  11. The Times, Dec 14, 1976
  12. The Times, Apr 21, 1977
  13. The Times August 24, 2000