Tomkins
From Wikipedia, the free encyclopedia
| Tomkins plc | |
|---|---|
 |
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| Type | Public (LSE: TOMK), (NYSE: TKS) |
| Founded | 1925 |
| Headquarters | London, UK |
| Key people | David Newlands, Chairman James Nicol, CEO |
| Industry | Engineering |
| Revenue | £2,941.9 million (2007) |
| Operating income | £264.7 million (2007) |
| Net income | £192.7 million (2007) |
| Employees | circa 37,000 |
| Website | www.tomkins.co.uk |
Tomkins plc (LSE: TOMK) (NYSE: TKS) is a British based engineering company headquartered in west London. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is also listed on the New York Stock Exchange. The majority of Tomkins' sales are made in the United States.
[edit] History
Tomkins was founded in 1925 as F.H. Tomkins Buckle Company, a small manufacturer of buckles and fasteners.
In the 1980s and early 1990s the Company embarked on a succession of acquisitions, which rapidly grew the revenue, product range and global reach. Major acquisitions included the US-based Gates Corporation in 1996, which signalled a move into the industrial and automotive markets and the Stant and Schrader businesses that further bolstered this division.
In 1998 it decided to streamline and it sold many of its businesses over the next few years.
[edit] Current structure
It now has two business groups:
- Industrial and automotive: the larger business, producing products primarily for the automotive industry.
- Building products: produces air systems components such as grills and diffusers, and a variety of other products including pipes, baths and windows.
Companies formerly owned by Tomkins include Smith and Wesson (from 1987 to 2001) and RHM (from 1992 to 2000).
