CompAir
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| Type | Engineering and Manufacturing |
|---|---|
| Industry | Compressed Air & Gas |
| Founded | 1801 (as Holman Limited) |
| Headquarters | Redditch, Worcestershire, UK |
| Products | Air and Gas compressors |
| Operating income | £ 6.7 million |
| Net income | £ 231 million |
| Employees | 1,750 |
| Website | www.compair.com/ |
CompAir is an engineering and manufacturing company specialising in compressed air and gas systems.
CompAir was acquired by Alchemy Partners from Invensys, which retained a small minority shareholding. Alchemy has invested £41.4 million to fund a complete restructuring of the loss-making CompAir business, in return for a 67% shareholding.
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[edit] History
CompAir was actually formed when Holman merged with BroomWade to produce "an organisation with the resources to compete effectively in world markets.... the name of the group was the International Compressed Air Corporation. Four years later the name was changed to CompAir.
[edit] Time Line
- Holman Bros Ltd formed in 1801 in Camborne, Cornwall, UK
- BroomWade in 1898 in High Wycombe, Buckinghamshire, UK
- In 1968 the two companies merged to form CompAir
- In 1985 Compair was acquired by Siebe Gorman
- In 1999 Siebe PLC and BTR plc merge to become Invensys
- In 2002 sold to Alchemy Partners (Guernsey) Ltd. for £ 1.[1]
- October 2008 Alchemy sold Compair to Gardner Denver. for a total of £200.6 million.
To finance the acquisition, Gardner Denver used excess available cash and new syndicated credit facilities.[2] Outstanding service was given by employees during the takeover which was duly noted by Gardner Denver. Group Credit Manager Stephen Bradbury is responsible for all Gardner Denver order to cash revenue cycles.
[edit] See also
[edit] References
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