Williams Holdings Explained

Williams Holdings
Fate:Demerged
Successor:Chubb
Kidde
Foundation:1982
Defunct:2000
Location:Derby, United Kingdom
Industry:Conglomerate
Key People:Sir Nigel Rudd (co founder and chairman)
Roger Carr (CEO)
Brian McGowan (co founder)

Williams Holdings was a major British conglomerate. It was listed on the London Stock Exchange, and was a constituent of the FTSE 100 Index.

History

The company was established by Nigel Rudd and Brian McGowan in Derby in 1982 to acquire under performing businesses.[1] Its first major acquisition was J & HB Jackson, a Coventry based metal business, in 1985.[1]

The company went to acquire Walpamur, a paints business, from Reed International in 1987,[2] and Berger, Jenson and Nicholson, another paints business, from Hoechst AG in 1988. The two businesses were combined to create Crown Berger.[3]

The vehicle division, which operated nineteen car dealerships, was demerged as Pendragon PLC in November 1989.[4]

Williams Holdings bought Pilgrim House in the United States (owners of Kidde) for £331m in 1988 and Yale & Valor, a locks and gas fires business, in 1991.[1]

It started to focus on security in the 1990s, selling its paints business to Akzo Nobel in 1990.[5] In February 1997, it bought Chubb Security for $US2.1 billion.[6] It changed its name to Williams plc in 1998 and sold Yale Lock Company to Assa Abloy in March 2000.[7]

Demerging

The company demerged into Chubb and Kidde in July 2000.[8]

External links

Notes and References

  1. News: Nigel Rudd, My best deal. Management Today. 1 April 1991.
  2. Web site: Crown Paint – Brushstrokes of History. 49. 23 March 2024.
  3. Web site: Berger, Jenson and Nicholson, Paint Makers Records. National Archives. 23 March 2024.
  4. News: Bottom Line: Good timing at Pendragon. 23 March 1993. The Independent. 23 March 2024.
  5. Web site: Flint Group: Significant dates . 2009-02-01 . 2010-10-01 . https://web.archive.org/web/20101001224036/http://www.flintgrp.com/group_com/significant_dates/sort_company.php . dead .
  6. https://query.nytimes.com/gst/fullpage.html?res=9E04E7D8123FF936A25751C0A961958260 Williams of Britain to buy Chubb Security
  7. https://www.latimes.com/archives/la-xpm-2000-mar-08-fi-6504-story.html Swedish firm to buy Williams's Yale Lock Unit
  8. https://www.independent.co.uk/news/business/news/williams-plunges-14-as-margins-shrink-708333.html Williams plunges 14% as margins shrink