Williams Holdings

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Williams Holdings
Industry Conglomerate
Fate Demerged
Successors Chubb and Kidde
Founded 1982
Defunct 2000
Headquarters Derby, UK
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[edit]

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 Crown Berger, a paints business, in 1987, 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.[2] In 1997 it bought Chubb Security for $2.1bn.[3]

It changed its name to Williams plc in 1998 and sold the Yale Lock Company to Assa Abloy in 2000.[4]

Demise of the business[edit]

The Company demerged into Chubb and Kidde in 2000.[5]

References[edit]

  1. ^ a b c Nigel Rudd, My best deal Management Today, 1 April 1991
  2. ^ Flint Group: Significant dates
  3. ^ Williams of Britain to buy Chubb Security New York Times, 15 February 1997
  4. ^ Swedish firm to buy Williams's Yale Lock Unit Los Angeles Times, 8 March 2000
  5. ^ Williams plunges 14% as margins shrink Independent, 19 July 2000