Tube Investments
 |
|
| Public | |
| Industry | Engineering |
| Fate | Acquired |
| Successor | Smiths Group |
| Founded | 1919 |
| Defunct | 2000 |
| Headquarters | Abingdon, Oxfordshire, United Kingdom |
|
Key people
|
Lord Plowden, (Chairman) |
TI Group plc (formerly Tube Investments) was a holding company for specialised engineering companies. It was based in Abingdon, Oxfordshire. It was registered as Tube Investments in 1919, combining the seamless steel tube businesses of Tubes Ltd, New Credenda Tube (later known as Creda), Simplex and Accles & Pollock. In 1928 Reynolds Tube joined the group. Tube Investments was listed on the and was a constituent of the FTSE 100 Index. It was acquired by Smiths Group in 2000.
The company was registered as Tube Investments in 1919, combining the seamless steel tube businesses of Tubes Ltd, New Credenda Tube (later known as Creda), Simplex and Accles & Pollock.Reynolds Tube joined the group in 1928 .
Ivan Stedeford joined the company in 1928. He became chief executive in 1935 and chairman in 1944. In 1946, the company bought Swallow Coachbuilding Co. (1935) Ltd. and Hercules Cycles.
The British Cycle Corporation subsidiary was formed in 1956 and consisted of Phillips Cycles, Hercules Cycles (no connection with the German Hercules company), Armstrong, Norman Cycles and Sun Cycles.
In 1954 and 1955 TI subsidiary Swallow Coachbuilding Co. constructed the Swallow Doretti sports car.
The Aluminium War in 1958-9 was a fierce and successful battle to acquire British Aluminium.
...
Wikipedia