Grace's Guide

British Industrial History

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Industrial conglomerate, specialising in low technology industries.

1970 Ashe Laboratories acquired the chemical division of Eugene Ltd[1]. The remainder of the company, making hairdressing equipment, was renamed Suter Electrical which remained as a public company.

1978 David Abell, MD of BL Commercial Vehicles division took 30 percent stake in the company[2]

1981 Suter Electrical was negotiating with Leyland Vehicles for the purchase of Prestcold which BL had been trying to sell for 2 years[3]. Abell resigned from BL to devote his time to his interests in Suter. The purchase was completed after Suter raised money through a rights issue. Business reorganised into 4 autonomous unit[4].

1984 Suter sold Prestcold's SHUD division and 2 distribution subsidiaries to Copeland Corp of USA, which had acquired an option to buy 10% of Suter Electrical; Suter gained distribution rights to Copeland equipment[5].

1984 After a year's campaign Suter took over Francis Industries[6]

1987 Acquired Mitchell Cotts, following a period of poor performance. Suter then sold the subsidiary Howard and Humphreys to Brown and Root[7]

1993 Acquired James Wilkes. Suter set out to drive down costs even further in its subsidiary Easterbrook, Allcard and Co, seeking a leaner operation and installing central controls, investing some £2 million in 1994 on more CNC equipment.

1995 Suter plc was acquired by Ascot Holdings.

See Also


Sources of Information

  1. The Times, 17 January 1970
  2. The Times, Mar 08, 1984
  3. The Times, 17 January 1981
  4. The Times, 6 October 1981
  5. The Times, 17 February 1984
  6. The Times, Dec 04, 1984
  7. The Times, September 17, 1987