Lindustries

of 100 Brompton Rd, London

1961 The Linen Thread Co changed its name to Lindustries

1961 Delaney Gallay was a subsidiary

1961 Acquired Joseph Rhodes, Heating Elements, and a 60 percent interest in Waddington and Duval (Holdings)

1963 The investments of the company were still dominated by textile-related activities but there had been some diversification; the main divisions were:

• Textile: Linen Thread Co, E. B. Hamel and Son, W. and J. Knox, and as a subsidiary Doagh Spinning Co
• Engineering: Delaney Gallay, Joseph Rhodes and Sons, Ratby Engineering, Fractional H. P. Motors, Heating Elements, Waddington and Duval (Holdings), Elliot Equipment.

1964 Disposed of Elliot Equipment; acquired Blackstaff Flax Spinning and Weaving Co and further shares in Doagh

1965 More than half of profits came from Engineering, which justified the policy of diversification; would continue to broaden the company

1966 A director, Bernard Boxall, was one of the first members of the Industrial Reorganization Corporation

1968 Acquired Warne Co which became part of the new Rubber Division

1969 Rubber Division closed a loss-making subsidiary

1972 Had a Polymer Division with an industrial section, and a medical and dispenser section; Textile Division sold 2 loss-making companies

1973 Highest declared profit in the company's history; William Warne and Co had recovered from its substantial loss; Barbour Threads, the main component of Textiles, had substantially increased its profits

1973 Acquired Whiteley, Lang and Neill, precision engineers.

1974 Cowlishaw Walker and Co was a subsidiary which suffered losses; another part of Engineering Division suffered losses due to the problems in the automotive industry

c.1976 Acquired H. A. Coombs, rubber band and packaging maker

1977 Textiles made almost as much profit as Engineering, despite much lower turnover

1979 Lindustries taken-over by Hanson Trust.

See Also

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