Electrical and Industrial Securities
1957 Michael Lewis and friends acquired English Velvets.[1]
1957 Acquired retail tailors Kilgour, French and Stanbury[2]
1957 On change of control, the company expanded into industrial activities and changed its name to E. V. Industrials[3]
1957 Acquired Farrar Boilerworks of Newark[4] and Kontak Manufacturing Co, precision engineers in the fields of jet engines and nuclear power[5]
1959 Acquired S. E. Opperman[6]
1959 Acquired H. and C. Davis and Co and Westminster Construction from Henry Briggs who later joined the board. The Fraud Squad was investigating dealings in the shares[7]
1963 EV Industrials subsidiaries were:
- English Velvets
- Joseph Clare
- Congleton Cutters
- Greenhill Velvets and Silks
- H. and C. Davis and Co
- Farrar Boilerworks
- W. J. Furse and Co (Manchester)
- W. J. Furse and Co (Nottingham)
- Kontak Manufacturing Co
- Westminster Construction Co
1964 English Velvets closed its Ordsall Works in Salford.[8]
1965 Disposed of Westminster Construction Co, and H. and C. Davis and Co Ltd; owned English Velvets Ltd (Greenhill Mill), the Furse companies, Kontak Manufacturing Co[9]
1966 Name was changed to Electrical and Industrial Securities[10]
1966 The W. J. Furse group was transferred to Crown House Engineering in exchange for shares in Crown House Engineering[11]. Acquired London and Provincial Laundries, which had the same chairman[12]
1968 The "Washeteria firm"[13]
1968 Acquired Hick, Hargreaves and Co despite questions about the degree of fit.
1969 Also owned Foster, Yates and Thom and Automations International (U.K.); planned to dispose of English Velvets[14]
1969 English Velvets subsidiary went into voluntary liquidation.[15]
1978 Acquired aircraft pump subsidiary of Weir Group, C. F. Taylor, which strengthened its aircraft components activities[16]
1980 Purchased Premier Precision Ltd (Bracknell) and the Horstman Defence Systems Ltd (Bath) from Lucas [17][18]
1981 Name changed to EIS Group
1982 Acquired Rubery Owen Hydraulics, which became part of Kontak Manufacturing[19]
1989 Sold Kontak Hydraulics to Commercial Hydraulics of Bedford[20]
1995 Acquired Aerostructures Hamble Holdings at a much lower valuation than when that company had been spun out of British Aerospace (BAe) in 1990[21]
1998 Acquired by TI Group which was interested because of EIS's fluid handling and aerospace-related businesses.
Part of Smiths
See Also
Sources of Information
- ↑ The Times, Jun 27, 1957
- ↑ The Times, Sep 27, 1957
- ↑ The Times, Nov 20, 1959
- ↑ The Times, Dec 05, 1957
- ↑ The Times, Dec 31, 1957
- ↑ The Times, Jun 16, 1959
- ↑ The Times (London, England), Saturday, Nov 21, 1959
- ↑ The Times, May 15, 1964
- ↑ The Times, May 20, 1966
- ↑ The Times, Mar 13, 1968
- ↑ The Times, Nov 04, 1966
- ↑ The Times, Dec 06, 1966
- ↑ The Times, Jul 09, 1968
- ↑ The Times, Sep 30, 1969
- ↑ The Times, December 11, 1969
- ↑ The Times, Jan 12, 1978
- ↑ The Times, Nov 29, 1980
- ↑ The Times, Jun 10, 1981
- ↑ The Times, Jan 28, 1982
- ↑ The Times September 09, 1989
- ↑ The Times, September 29, 1995
- Worldwide company names [1]