Yale & Valor
| Industry | Locks and gas fires |
|---|---|
| Fate | Acquired by Williams Holdings |
| Successor |
Baxi Group plc Assa Abloy |
| Founded | 1890 |
| Defunct | 1991 |
| Headquarters | Birmingham, UK |
Yale & Valor was a company in Birmingham that manufactured locks and gas fires. It was listed on the London Stock Exchange.
History
In 1890, the Valor Company Ltd. was formed in Birmingham for manufacturing oil-storage cabinets.[1] Later it diversified into paraffin and subsequently gas heaters. The company merged with the Yale Lock Company becoming Yale & Valor in 1987[2] and then with Myson plc in 1989.[3][4] The company was listed on the London Stock Exchange from 1989 to 1991.
The company was bought by Williams Holdings in 1991 and subsequently spun off with the other brands to form Newmond plc in 1996. The Valor brand is now owned in Europe by Baxi Group Ltd, (formed by the merger of Baxi Holdings Plc and Newmond plc)[1] and the Yale Lock Company is now a subsidiary of Assa Abloy.[5] The right to design and manufacture Valor branded products in North America as of 2001 is controlled by Miles Industries Ltd. a Canadian privately owned firm.[6]
References
- 1 2 Valor: History and heritage
- ↑ "First City Industries Inc. to sell its Nutone and Yale Security subsidiaries to Valor PLC." PR Newswire, 1 June 1987. Retrieved 17 April 2010.
- ↑ Competition Commission Report 1989
- ↑ Statutory Instrument 1989 No. 1559
- ↑ Yale Locks: History of Yale
- ↑ "The History of Valor & Miles Industries". Valor Fireplaces. Miles Industries Ltd. Retrieved 18 May 2015.