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 134,039 pages of information and 213,154 images on early companies, their products and the people who designed and built them.

United Molasses Co

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1926 Company incorporated as public company on 1st January as a holding company for the British Molasses Co Ltd and the associated Pure Cane Molasses Co Ltd, and took over a fleet of 8 tankers[1]

1930 Arrangement between Distillers Co and United Molasses Co for exchange of shares[2].

1938 Distillers Co was the company's largest customer and the largest user of molasses in the world. In response to the government's tax on use of alcohol as a motor fuel (as supplied by Distillers), the company reduced its profit margins[3].

1939 Formed Athel Line as a private subsidiary to take over the company's tankers and barges[4]

1949 United Molasses Co's Athel Line bought a controlling interest in Anchor Line and purchased the remaining shares in 1950.

c.1954 United Molasses Co bought a boatyard on the south side of the inner harbour at Lowestoft in Suffolk and modernised the facilities. The yard was renamed Richards (Shipbuilders) Ltd.

1965 Tate and Lyle took over United Molasses Co; sold Anchor Line

1969 United Molasses Ltd purchased another yard: the Fellows Yard at Great Yarmouth.

See Also

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Sources of Information

  1. United Molasses [1]
  2. The Times, 23 September 1930
  3. The Times, 17 December 1938
  4. The Times, Dec 22, 1939