Grace's Guide

British Industrial History

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 138,931 pages of information and 225,312 images on early companies, their products and the people who designed and built them.

Sterling Industries

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of Chard

1935 Public company - Ismay Industries - was incorporated.

1939 Name changed.

1939 Ismay Industries had consisted of about 70-80 interlocking companies but these were mostly "junk"; as part of salvaging the company, it was renamed Sterling Industries; an ongoing subsidiary would be Sterling Engineering Co[1]. It was later announced that the company would sell the half of A. C. Cossor's shares that it owned[2]

1946 A subsidiary, Ismay Cables, was sold; its name was later changed to Midland Holdings[3]

1954 Subsidiaries included Dualloys Ltd, Dueram Products Ltd, and Edward Holtom Ltd which had been sold to Exactor Ltd, [4]

1959 Difficult trading. Subsidiaries were Dualloys Ltd, Sintered Metal Components (Chard) Ltd, Sterling Instrument Co Ltd, Exactor Ltd (hydraulics, lubrication systems and self-sealing couplings)[5]

1961 Engaged as fine instrument engineers and manufacturers of plain bearings, self-lubricating bearings, sintered components and power hydraulic equipment. 600 employees. [6]

1961 The company would not have returned any value ordinary shareholders in the event of a liquidation but, in the face of a cash offer by Cayzer family interests, a majority of shareholders rejected a bid from Vokes[7]

1962 Cayzer family interests, including Caledonia Investments, were involved with a scheme of reorganisation for the company[8]

1966 Acquired Huntley and Sparks

1967 BSA acquired the metal sintering subsidiary, SMC Sterling of Crewkerne, and would amalgamate it with its own sintering operation at Sparkbrook[9]

1967 Acquired Damic Controls[10]

1993 Established a thermal process division, in addition to its combustion and hydraulics engineering activities[11]

2000 Caledonia Investment Trust owned all of the company's shares[12]

See Also

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Sources of Information

  1. The Times, Feb 23, 1939
  2. The Times, Aug 03, 1939
  3. The Times, Nov 08, 1946
  4. The Times, Sep 13, 1954
  5. The Times, Aug 06, 1959
  6. 1961 Dun and Bradstreet KBE
  7. The Times, Jul 08, 1961
  8. The Times, Dec 13, 1962
  9. The Times , Sep 12, 1967
  10. The Times, Sep 21, 1967
  11. The Times, June 25, 1993
  12. The Times, November 24, 2000