BTR plc was a British industrial conglomerate, which merged with Siebe plc in 1999 to form BTR Siebe plc, later renamed Invensys. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index.
History [ edit ]
BTR started in 1924, when the
B.F.Goodrich Company of the USA formed a UK subsidiary British Goodrich Rubber Co. Ltd. In 1934 Goodrich sold most of its shares in the company, which changed its name to the British Tyre & Rubber Co. Ltd. In 1956 the company changed its name to [1 ] BTR Limited, when it ceased production of tyres. [2 ]
The Company was dominated by Sir Owen Green from 1967 to 1993 first as
Managing Director (until 1986) and then as Chairman. By 1982 BTR had acquired a large number of companies in the [3 ] United Kingdom, the USA, Canada, Australia, South Africa and Germany. In 1985 BTR acquired [2 ] Dunlop Holdings plc. The Dunlop road tyre business was immediately sold to [4 ] Sumitomo Rubber Industries. In late 1985, BTR launched a hostile take-over bid for [5 ] Pilkington, a leading manufacturer of high quality glass, with operations worldwide. After a successful defensive campaign by Pilkington, BTR was forced to withdraw its offer in early 1986. [6 ]
Hawker Siddeley Group Plc was acquired by BTR plc for £1.5bn. [7 ]
BTR also had an industrial products operation in
Australia known as Nylex which it secured complete control of in 1995. [8 ]
Between 1996 and 1998, BTR sold the remaining Dunlop companies.
In 1999 BTR merged with
Siebe to form BTR Siebe plc, which was renamed Invensys plc. [10 ]
Operations [ edit ]
The Company was latterly organised into the following businesses:
See also [ edit ]
References [ edit ]