Grace's Guide

British Industrial History

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Griffiths Bentley

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Maker and finisher of pressed metal parts and complete assemblies, later of seat belts and engineering, of Staffordshire.

1964 Shares first traded on the Midlands exchange[1]. Profits had risen every year since 1957[2]

1968 Acquired by P. P. Rodocanachi and Co under Jean Pierre Gommes; planned to acquire an unquoted company; temporary suspension of share trading[3]

1968 W. P. Birtwhistle was appointed chairman at the request of merchant bank Rodo International

1969 Acquired Frederick Cooper (Birmingham) Ltd, a private company[4]

1969 Company's shares quoted on Stock Exchanges[5]

1970 Acquired Hoffman Tool and Engineering Co[6]

1971 Acquired H. J. Barlow, maker of nuts and bolts and bright drawn steel[7]

Also acquired at some point Welding and Fabrication Holdings and F. H. Smedley[8]

1971 The Proctor family sold its Britax-Excelsior safety equipment firm to Griffiths Bentley[9]

1972 The Britax (London) subsidiary sold its weaving business to "W" Ribbons, makers of nylon and polyester webbing, in exchange for 21 percent of that company's shares[10]

1972 As part of a policy of rationalisation, Griffiths Bentley sold its subsidiary Griffiths Bentley (Engineers) including Carbjectors and MP Engineering to Ingall, Parsons, Clive and Co[11]

1972 Acquired Wingard, maker of safety belts and motor accessories[12]

1972 Sold Frederick Cooper (Birmingham) to Coley-Rotolin Group; this essentially completed the rationalisation of the business, to concentrate on larger specialist fields[13]. The company's profits came largely from fasteners and automotive accessories[14]

1973 The chairman, P C Hegard, resigned after shareholders refused to support a bid for Bryanston Finance, of which he was also a director[15]

1973 Bristol Street Group offered to acquire Griffiths Bentley; the offer was initially turned down by one of the directors, Stephen Proctor[16] but eventually BSG were successful[17]

See Also

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Sources of Information

  1. The Times Nov. 3, 1964
  2. The Times Nov. 11, 1964
  3. The Times Jan. 24, 1969
  4. The Times Feb. 1, 1969
  5. The Times Feb. 26, 1969
  6. The Times Wednesday, Aug. 19, 1970
  7. The Times Mar. 13, 1971
  8. The Times June 23, 1972
  9. The Times Oct. 16, 1971
  10. The Times Apr. 22, 1972
  11. The Times Apr. 29, 1972
  12. The Times May 16, 1972
  13. The Times May 17, 1972
  14. The Times June 23, 1972
  15. The Times, Aug. 10, 1973
  16. The Times Sept. 12, 1973
  17. The Times y, Oct. 20, 1973