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 133,419 pages of information and 211,648 images on early companies, their products and the people who designed and built them.

TI Group

From Graces Guide

Jump to: navigation, search

1982 Tube Investments changed its name to TI Group plc[1]

1982 The company was heavily in debt but the main cause of concern was the holding in British Aluminium Co through T. I. Aluminium[2]

1985 FKI Electricals acquired 4 transport equipment companies: TI Crypton, TI Bradbury, TI Transervice, TI Transport Equipment[3]

1986 Under a new chief executive, the company's strategy became one of concentrating on specialized engineering activities; the businesses producing domestic appliances and low margin goods were to be sold[4]

1986 Sold Russell Hobbs and Tower Housewares to Polly Peck[5]

1987 Sold the home heating division, Glow Worm Boilers and Parkray, to Hepworth Ceramic Holdings[6]

1987 Raleigh was sold. Creda was sold to the GEC Group. The New World division was sold to Birmid Qualcast; New World was the largest cooker maker in Britain[7]

1988 Acquired Thermal Scientific. TI kept the vacuum equipment and thermal processing activities but disposed of everything else. It was expected that these would fit with TI's Ipsen Abar subsidiary.[8]

1988 Acquired Bundy Corporation of USA[9]

1992 Dowty Group was purchased.

1996 Sold 3 small subsidiary companies, TI Desford Tubes, TI Matrix Engineering and Hollow Extrusions, to Hay Hall Group[10]; Accles and Pollock was also sold to Hay Hall Group.

1999 Creation of TI Group Automotive Systems

2000 TI Group merged with Smiths Industries to become the Smiths Group.


See Also

Loading...

Sources of Information

  1. The Times, Mar 11, 1982
  2. The Times, Jul 29, 1982
  3. The Times, Nov 13, 1985
  4. The Times, March 10, 1989
  5. The Times, December 12, 1986
  6. The Times, April 02, 1987
  7. The Times, May 23, 1987
  8. The Times, September 20, 1988
  9. TI Automotive [1]
  10. The Times February 01, 1996