|Type||Public limited company|
|Traded as||LSE: HTY|
|Key people||David Newlands (Chairman)
Steve Salmon (CEO)
|Products||cable management solutions|
|Revenue||€ 538.0 million (2013)|
|Operating income||€ 63.5 million (2013)|
|Profit||€ 22.4 million (2013)|
|Employees||3,200 (2013) |
The company was founded by Paul Hellermann and Jack Bowthorpe in Croydon as Hellermann Electric, a subsidiary of Goodliffe Electric Supplies, in 1938. It moved to a new manufacturing site at Crawley in Sussex in 1948.
In 1964 the company acquired Insuloid Manufacturing, a business which had been founded in 1933 by the Emery family in Hulme, Manchester manufacturing bus-bar insulations. It launched the Tyton system, a method for cable bundling in continuous system, in 1965 and established HellermannTyton Corporation in Milwaukee in 1969. Then in 1976 it expanded into the aviation market, offering cable management solutions for airplanes.
The company established operations at Järfälla in Sweden in 1982, at Hyogo in Japan in 1986 and in Wuxi and in Shanghai in China in 1998. It then began harmonising its branding under the single worldwide trademark HellermannTyton in 1999. After that, in 2000, it established a new plant at Tornesch near Hamburg with 15,000 m² of production and storage space.
The company was sold by its then owners, Spirent, to funds controlled by Doughty Hanson & Co for £289m in 2006. It was then the subject of an initial public offering in March 2013. In September 2013 Doughty Hanson & Co sold a further 20.9% stake in the company for £119.25m.
The company has operations in 34 countries: it produces its products at twelf manufacturing sites. Three production facilities are located in the UK (Manchester, Plymouth, Northampton). The others are located in Poland (Kotunia, within Słupca County), France (Trappes), Germany (Tornesch), South Africa (Johannesburg), Singapore (Yishun), China (Wuxi), Japan (Hyogo), USA (Milwaukee) and Brazil (Jundiai).
The materials processed are usually engineering plastics: PA 6.6 (in different condition, like heat stabilized, UV-resistant, weather resistant, impact modified, glass filled, mineral filled, colored); PE, PP with different modifications; POM; PA 11, PA 12; PEEK; other technical thermoplastics; Chloroprene Rubber.
Sectors and divisions
The company produces for diverse markets and industries including Original equipment manufacturers for passenger cars, rail carriages, aircraft and ships as well as products used in electronics, telecommunication equipment, appliances or on construction sites.
Product sales are categorized into to the following segments:
- Electrical: products for Original equipment manufacturers, electrical wholesalers, contractors acting on behalf of diverse end-users, panel builders assembling electrical panels for end-markets, resellers to end-markets such as catalogue companies and sales to the mass transit, defence, alternative energy, products used for application offshore in wind farm and electronics end-markets.
- Automotive: comprises global sales to leading global manufacturers of cars, trucks and other heavy vehicles as well as to their suppliers (Tier 1, Tier 2 and Tier 3 suppliers).
- Datacom and Other: comprises products and solutions for data communication providers requiring secure environments such as data centres and open floor work area applications as well as sales to the other diverse non-cable management end-markets including forestry, agriculture and packaging.
New parts development
The company develops products based on customer requirements. e.g. custom-made automotive wiring harnesses for passenger cars, for ship and aircraft manufacturers and other industries such as "white goods". Products are designed using design programms, known as CAD systems, in 3D. The designs are produced in a small series of prototypes sent to the customer for installation in vehicles, machinery etc. for testing purposes. After testing the part, corresponding quantities are made using injection molding.
- HellermannTyton Investors; Board of Directors
- Preliminary Results 2013
- HellermannTyton owner Doughty Hanson revives sale plan
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