TI Group

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TI Group plc (formerly Tube Investments) was a holding company for various specialised engineering companies. The three major divisions were John Crane International, a manufacturer of mechanical seals; Bundy Corporation, a tubing manufacturer and supplier to the refrigeration and automotive industries; and Dowty Group plc, an aerospace company. ^[1]

[edit] History

The business was registered in 1919 as a public company combining the following seamless steel tube manufacturing companies: Tubes Limited, New Credenda Tube (later known as Creda), Star Tube, and St. Helen's Tube and Metal.

• 1919 Accles & Pollock (tube makers) was purchased.
• 1928 Reynolds Tube was purchased.
• 1928 Ivan Stedeford joins company.
• 1935 Ivan Stedeford elected CEO.
• 1944 Ivan Stedeford elected Chairman.
• 1946 Swallow Coachbuilding Co. (1935) Ltd.
• 19?? The British Cycle Corporation subsidiary was formed which eventually composed of the following cycle companies:
  • Phillips Cycles
  • Hercules Cycles (No connection with the German Hercules company)
  • Armstrong
  • Rudge Whitworth
  • Norman Cycles
  • Sun Cycles
• 1958/9 The Aluminium War
• 1960 Raleigh Industries joined the group bringing with it:
  • BSA Cycles
  • J. B. Brookes
• 1963 Bought Russell Hobbs, kettle manufacturers [1]
• 1963 Ivan Stedeford retires as Chairman & CEO and assumes title of Life President.
• 1987 Raleigh was sold.
• 1987 Creda was sold to GEC Group [2]
• 1992 Dowty Group plc was purchased
• 1996 Accles & Pollock was sold to Hay Hall Group [3].
• 2000 On 18 September 2000 Smiths Group announced its intention to merge with TI Group.^[2] The merger was completed on 4 December. Smiths divested TI's automotive business shortly after the merger.

[edit] References

[edit] External links

• History of the TI Group, from the company's former website on the Internet Archive [4]
• TI Group former website on the Internet Archive [5]
• Smiths Group History [6].