Sterling Industries
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
Sources of Information
- ↑ The Times, Feb 23, 1939
- ↑ The Times, Aug 03, 1939
- ↑ The Times, Nov 08, 1946
- ↑ The Times, Sep 13, 1954
- ↑ The Times, Aug 06, 1959
- ↑ 1961 Dun and Bradstreet KBE
- ↑ The Times, Jul 08, 1961
- ↑ The Times, Dec 13, 1962
- ↑ The Times , Sep 12, 1967
- ↑ The Times, Sep 21, 1967
- ↑ The Times, June 25, 1993
- ↑ The Times, November 24, 2000