 | |
| Type | Public limited company |
|---|---|
| Industry | Engineering |
| Founded | 1925 |
| Headquarters | London, United Kingdom |
Key people | David Newlands (chairman) James Nicol (CEO) Michael C. Winn (President))[1][2][3] |
| Revenue | US$4,180.1 million (2009)[4] |
| US$84.7 million (2009)[4] | |
| US$(15.6) million (2009)[4] | |
| Owner | Onex and the Canada Pension Plan Investment Board |
Number of employees | circa 30,000[4] |
| Website | www |
Tomkins plc was a multinational engineering company headquartered in London, United Kingdom. In July 2010 Tomkins was acquired by a Canadian consortium of private equity firm Onex Corporation and the Canada Pension Plan Investment Board. In July 2014, The Blackstone Group, the world's largest buyout firm, agreed to acquire The Gates Corporation, the largest division of Tomkins plc from Onex Corp. (OCX) and Canada Pension Plan Investment Board for $5.4 billion.[5]
YouTube Encyclopedic
-
1/5Views:6434 354 0852 191 4359 7032 428
-
Ruskin Louver Selection 101 Webinar
-
How Does a Hydraulic Ram Pump Work?
-
Welding 101 for Hobbyists (and Nerds)
-
Smith & Wesson Model 1911 45 Caliber
-
D-cut machine simulation via proteus
Transcription
History
Tomkins was founded in 1925 as F.H. Tomkins Buckle Company, a small manufacturer of buckles and fasteners.[6] It was first listed on the London Stock Exchange in 1956.
In 1983, ex-Lord Hanson employee Greg Hutchings acquired a 22.9% stake in the company, and subsequently was appointed Chief executive.[7] Hutchings expanded Tomkins in a classical conglomerate form through leveraged buyouts, and during the 1980s and early 1990s the company embarked on a succession of acquisitions which rapidly grew its revenue, product range and global reach. Major acquisitions included Smith & Wesson in 1987,[8] RHM in 1992,[9] the US-based Gates Corporation in 1996,[10] which signalled a move into the industrial and automotive markets, and the Stant[11] and Schrader[12] businesses that further bolstered this division. During this era, Tomkins was regarded as the archetypal multi-industrial conglomerate, with a portfolio of assets that had little or nothing in common with one another – and indeed the media delighted in referring to Tomkins as the "buns-to-guns" company[13] because of its ownership of RHM (baking) and Smith & Wesson (firearms).
Hutchings was forced to resign from the company in 2000, over a series of false allegations of executive excess.[7] Tomkins sold RHM shortly thereafter,[9] and Smith & Wesson the following year.[8]
After an unsolicited approach, in July 2010 Tomkins was acquired by a Canadian consortium of private equity firm Onex Corporation and the Canada Pension Plan Investment Board for £2.9 billion.[14]
In November 2012, Tomkins sold their portion of the Building Products group that included: Hart and Cooley, Selkirk and Ruskin to the CPPIB.[15]
References
- ^ "Mike Winn has been named president of Hart & Cooley Inc", SNIPS Magazine. 6 Sept. 2011, Retrieved 18 Sept. 2012.
- ^ "GRAND RAPIDS, Mich.— Hart & Cooley, Inc. appointed Mike Winn as the company's new president.", ROOFING CONTRACTOR. October 14, 2011,
- ^ "Hart & Cooley President Michael Winn further explained the recent changes.", BE Building Enclosure. April 16, 2013,
- ^ a b c d "Annual Report 2009". Tomkins plc. Archived from the original (PDF) on 1 March 2012. Retrieved 26 September 2010.
- ^ Banerjee, Devin (4 April 2014). "Blackstone Agrees to Buy Gates Global in $5.4 Billion LBO". Bloomberg.
- ^ "Tomkins: History". Archived from the original on 26 October 2008. Retrieved 30 October 2008.
- ^ a b Hutchings forced to quit
- ^ a b "COMPANY NEWS; SMITH & WESSON IS SOLD TO MAKER OF TRIGGER LOCKS". The New York Times. Associated Press. 15 May 2001.
- ^ a b "Tomkins sells RHM for £1.1bn". www.campaignlive.co.uk.
- ^ News, Bloomberg Business (13 December 1995). "COMPANY NEWS;TOMKINS AGREES TO BUY GATES RUBBER". The New York Times.
{{cite news}}:|last=has generic name (help) - ^ "TOMKINS TO BUY STANT FOR $406 MILLION AND DEBT". The New York Times. 10 April 1997.
- ^ Jones, Dow (24 March 1998). "Deal for Equipment Maker". The New York Times.
- ^ "Tomkins loses buns-to-guns tag with sale of RHM to Doughty Hanson". The Independent. 18 April 2009.
- ^ "Tomkins agrees to £2.9bn takeover deal". BBC News. 27 July 2010. Retrieved 27 July 2010.
- ^ "CPPIB and Onex Announce Completion of Agreement Involving Tomkins' Air Distribution Division" (PDF). Archived from the original (PDF) on 7 January 2013. Retrieved 29 November 2012.
External links
| International | |
|---|---|
| National | |
This page was last edited on 25 October 2022, at 08:09