Rotork

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Rotork plc
Public
Traded as LSEROR
Industry Engineering
Founded 1957
Key people
Roger Lockwood, Chairman
Peter France, CEO
Revenue £594.7 million (2014)[1]
£142.2 million (2014)[1]
£103.2 million (2014)[1]
Number of employees
3,200 (2014)[2]
Website www.rotork.com

Rotork plc is a British-based manufacturing company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

Rotork head office and factory in Bath

The Company was established as a small engineering workshop in Bristol in the 1940s. In 1945 it was acquired by Frenchay Products led by Jeremy Fry under whose leadership it made its first actuator in 1952.[3] It was first listed on the London Stock Exchange in 1968 as Rotork Controls.[4]

Protech Instruments & Systems, an instrumentation company, was purchased in 1985 to expedite the development of Pakscan, a digital bus control system for actuators.[5]

In 1999 it bought Fluid System Srl, an Italian actuator business, in 2000 it bought Skilmatic in Leeds[5] and in 2002 it acquired Jordan Controls, a United States actuator business.[3] It started operating in Sweden in 2008 with the purchase of Remote Control.[6]

In 2009 the company went on to buy Flow-Quip, a United States-based business.[7] Then in 2010 it acquired Ralph A. Hillier, another American business.[8] In 2011, Rotork Servo Controles de Mexico S.A. de C.V. became fully owned by Rotork after being part-owned since the 1970s.[9] Shortly after Rotork purchased Valco Valves Automation AS, Rotork’s long term sales and service agent in Norway, now renamed Rotork Norway.[10] Rotork has also acquired K-Tork International Inc. based in Dallas and Centork Valve Control S.L., a Spanish actuator manufacturer based near San Sebastián.[11]

In 2011 the acquisition of Fairchild Industrial Products in North Carolina heralded the creation of the Rotork Instruments division[12] and in the UK Prokits was purchased and merged with Rotork Valvekits.[13]

In 2012 Italian switchbox manufacturer Soldo Srl was added to Rotork Instruments and in 2013 the German actuator manufacturer Schischek was purchased.[14]

Flowco in the UK and Renfro associates in the USA were further acquisitions in 2013 - both adding to the company’s service capabilities – and the Italian actuator manufacturer GT Attuatori Srl was also purchased.[15] In 2014 Rotork Instruments was strengthened with the acquisition of Young Tech Co. Ltd. (YTC), a highly respected Korean instrumentation manufacturer.[16]

Electrically actuated butterfly valves controlling the automatic operation of filter plant in a water treatment works
A pneumatically actuated safety shut-down ball valve in a natural gas processing plant

Operations[edit]

The company is a designer and manufacturer of industrial flow control products encompassing valve actuators, gearboxes, control systems, instrumentation and accessories. It is organised into the following businesses: Rotork Controls, Rotork Fluid Systems, Rotork Gears, Rotork Instruments. Rotork Site Services supports all these divisions.

References[edit]

  1. ^ a b c "Annual Report 2014". Rotork. Retrieved 3 April 2015. 
  2. ^ "Rotork: Careers". rotork.com. Retrieved 3 April 2015. 
  3. ^ a b Rotork Joins The Watch List Motley Fool, 14 August 2003
  4. ^ "ROTORK PLC ORD 5P - London Stock Exchange". londonstockexchange.com. Retrieved 3 April 2015. 
  5. ^ a b "Profile of the International Valve Industry". google.co.uk. Retrieved 3 April 2015. 
  6. ^ Rotork acquires Remote Control Sweden Waste and Watewater, 28 February 2008
  7. ^ Rotork buys Flow-Quip Controls for $8m IB Times, 9 November 2009
  8. ^ Rotork acquires Ralph A. Hillier Company VMA, 24 May 2010
  9. ^ Rotork Acquires Servo Controles de Mexico S.A. de C.V.
  10. ^ "Rotork purchases Valco Valves Automation AS". valvezone.com. Retrieved 3 April 2015. 
  11. ^ Rotork Acquires K-Tork International Inc. and Centork Valve Control S.L.
  12. ^ "Rotork buys US power-tools firm Fairchild for $76M". Marketwatch. 18 November 2011. Retrieved 26 June 2014. 
  13. ^ "Rotork buys Prokits". Business Desk. 1 December 2011. Retrieved 26 June 2014. 
  14. ^ "Rotork posts record order book of £208m". Water Briefing. 6 August 2013. Retrieved 26 June 2014. 
  15. ^ "Rotork acquires GTA Group". Automation. 7 October 2013. Retrieved 26 June 2014. 
  16. ^ "Rotork Acquires YTC for $107 Million". Control Design. 4 March 2014. Retrieved 26 June 2014. 

External links[edit]