Williams Holdings

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Williams Holdings
Industry Conglomerate
Fate Demerged
Successor Chubb
Kidde
Founded 1982
Defunct 2000
Headquarters Derby, United Kingdom
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 February 1997, it bought Chubb Security for $2.1bn.[3] It changed its name to Williams plc in 1998 and sold Yale Lock Company to Assa Abloy in March 2000.[4]

Demise of the business[edit]

The company demerged into Chubb and Kidde in July 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

External Links[edit]