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Tomkins plc
Type Public (LSE: TOMK), (NYSETKS)
Founded 1925
Headquarters London, England, UK
Key people David Newlands, Chairman
James Nicol, CEO
Industry Engineering
Revenue $5,515.9 million (2008)
Operating income $67.4 million (2008)
Net income $(64.1) million (2008)
Employees circa 37,000
Website www.tomkins.co.uk

Tomkins plc (LSE: TOMK) (NYSETKS) is a British based engineering company headquartered in west London. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is also listed on the New York Stock Exchange. The majority of Tomkins' sales are made in the United States.

Contents

History

Tomkins was founded in 1925 as F.H. Tomkins Buckle Company, a small manufacturer of buckles and fasteners.[1] It was first listed on the London Stock Exchange in 1956.

In 1983 Gregory Hutchings bought a 22.9% stake and then went on to be Chief Executive.[2]

In the 1980s and early 1990s the Company embarked on a succession of acquisitions, which rapidly grew the revenue, product range and global reach. Major acquisitions included Smith & Wesson in 1987,[3] RHM in 1992,[4] the US-based Gates Corporation in 1996,[5] which signalled a move into the industrial and automotive markets, and the Stant[6] and Schrader[7] businesses that further bolstered this division. During this era, Tomkins was regarded as the archetypal multi-industrial conglomerate, with a portfolio of assets that had little or nothing in common with one another - and indeed the media delighted in referring to Tomkins as the 'buns-to-guns' company[8] because of its ownership of RHM (baking) and Smith & Wesson (firearms).

Hutchings was forced to resign from the Company in 2000.[2] Tomkins sold RHM shortly thereafter[4] and Smith & Wesson the following year.[3]

Operations

It now has two business groups:

  • Industrial and automotive: the larger business, producing products primarily for the automotive industry.
  • Building products: produces air systems components such as grills and diffusers, and a variety of other products including pipes, baths and windows.

References

External links

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