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BTR plc
Fate	Merged with Siebe
Successor	Invensys
Founded	1924
Defunct	1999
Headquarters	London, UK
Key people	Sir Owen Green, (Chairman)
Industry	conglomerate

BTR plc was a British industrial conglomerate, which merged with Siebe in 1999 to form BTR Siebe plc, later renamed Invensys. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index.

[edit] History

BTR started in 1924, when the B.F.Goodrich Company of the USA formed a UK subsidiary British Goodrich Rubber Co. Ltd. In 1934 Goodrich sold most of its shares in the company, which changed its name to the British Tyre & Rubber Co. Ltd.^[1] In 1956 the company changed its name to BTR Limited, when it ceased production of tyres.^[2]

The Company was dominated by Sir Owen Green from 1967 to 1993 first as Managing Director (until 1986) and then as Chairman.^[3] By 1982 BTR had acquired a large number of companies in the United Kingdom, the USA, Canada, Australia, South Africa and Germany.^[2] In 1985 BTR acquired Dunlop Holdings plc.^[4] The Dunlop road tyre business was immediately sold to Sumitomo Rubber Industries.^[5] In late 1985, BTR launched a hostile take-over bid for Pilkington, a leading manufacturer of high quality glass, with operations worldwide. After a successful defensive campaign by Pilkington, BTR was forced to withdraw its offer in early 1986.^[6]

In 1992, Hawker Siddeley Group Plc was acquired by BTR plc for £1.5bn.^[7]

BTR also had an industrial products operation in Australia known as Nylex which it secured complete control of in 1995.^[8]

Between 1996 and 1998, BTR sold the remaining Dunlop companies.^[9]

In 1999 BTR merged with Siebe to form BTR Siebe plc, which was renamed Invensys plc.^[10]

[edit] Operations

The Company was laterly organised into the following businesses:^[11]

Engineering
Packaging
Materials
Building products
Polymers

[edit] See also

[edit] References

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[0] Competition Commission Report c. 1955 para 68

[cc85-1] Competition Commission report 1982

[2] Corporate Governance and Control by Saleem Sheikh Page xiv

[3] Dunlop and BTR reach an accord

[4] Dunlop stake for Sumitomo

[5] BTR withdraws offer for Pilkington

[6] Brush Traction: History

[7] BTR to buy out unit for $3.2bn

[8] BTR sells South African tyre subsidiary

[9] Investors back BTR Siebe merger

[10] BTR to sell several divisions

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Contents

[edit] History

[edit] Operations

[edit] See also

[edit] References