Chubb Security

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Chubb Fire & Security
Subsidiary of UTC
IndustryFire and Security
Founded1818
FounderCharles
Jeremiah Chubb
Headquarters,
Key people
Simon Quillish
ParentUnited Technologies Corporation
Websitewww.chubb.co.uk

Chubb Fire & Security is a British, American owned fire and security business. It is owned by American company United Technologies Corporation.

History[edit]

The company was founded by Charles and Jeremiah Chubb, who patented their Chubb detector lock in 1818. The company won a government competition for a lock which could not be opened other than by its own key.[1]

In 1835, the company produced its first Chubb safe at its factory in Wolverhampton and, in the second half of the 19th century, the company expanded into the United States, and produced a time lock that was fitted to bank vaults across the country.[2] In the 1800s, Chubb gained some important customers such as the Duke of Wellington and the Bank of England.[3]

Over the next one hundred years, the company turned out more than 2.5m locks.[2] After World War II, Chubb expanded its operations in 17 countries. From being a single company manufacturing specialized security products it turned into a broad based group of companies covering not only many aspects of security but fire protection as well.

The company went on to acquire a number of rival firms including Chatwood-Milner Ltd. (1958), Burgot Alarms Ltd and Rely-a-Bell (1962), Read and Campbell Limited (1964), Josiah Parkes and Sons Ltd. (1965) and The Pyrene Company Limited (1967).[4] It was bought by Racal Electronics in August 1984, from which it was demerged in September 1992, before being acquired by Williams Holdings in February 1997.[5] as the latter company sought to build a security focused conglomerate. Chubb was again demerged in July 2000.[2]

In August 2000, Chubb sold Chubb Locks, its lock and safe making unit, to Assa Abloy, and concentrated on security systems such as door access and CCTV systems.[6] In May 2002, Chubb held intensive acquisitions talks with Sweden-based Securitas AB, the world's biggest security services business. After 18 months of negotiations,[7] the talks were called off on the grounds that the deal would not be "financially attractive" to either company's shareholders.[8]

In April 2003, Chubb was acquired for £622m by United Technologies Corporation.[9] In March 2007, UTC bought Initial Fire and Security, the security arm of Rentokil Initial and proceeded to merge the business and its assets with Chubb in UTC Climate, Controls & Security. In December 2013, Chubb's Australian cash in transit business was sold to Prosegur.[10]

Chubb Engineer (2008)

Operations[edit]

Chubb subsidiaries around the world now form an important part of the UTC Climate, Controls & Security Division.

In popular culture[edit]

See also[edit]

References[edit]

  1. ^ A Gazetteer of Lock and Key Makers, A Gazetteer of Lock and Key Makers
  2. ^ a b c COMPANIES & FINANCE UK & IRELAND: Chubb's safe blown wide open but will there be anything left inside?[permanent dead link], Financial Times, Apr 23, 2003
  3. ^ The History of Chubb Locks Custodial Services Archived 2008-09-08 at the Wayback Machine, Chubb Locks Custodial
  4. ^ "Early Sales/Offices/ChubbGroup/1980s & on". Chubbarchive.pwp.blueyonder.co.uk. Archived from the original on 2012-07-09. Retrieved 2011-12-21.
  5. ^ Williams of Britain to buy Chubb Security New York Times, 15 February 1997
  6. ^ Troubled Chubb agrees £622m UTC takeover, The Independent
  7. ^ Securitas halts Chubb merger, BBC News Online
  8. ^ Chubb slips as Securitas calls off acquisition talks, Telegraph.co.uk
  9. ^ United Technologies of US is in talks on £1bn takeover of Chubb[permanent dead link], Financial Times, Apr 21, 2003
  10. ^ Prosegur Compania de Seguridad SA through subsidiary acquires Chubb Security Services Pty Limited, Reuters, Dec 16, 2013

External links[edit]