Charter International

Charter International plc was a large British engineering business based in London, England. It was acquired by Colfax Corporation in January 2012.

Charter International plc
TypePublic (LSE: CHTR)
IndustryEngineering
Founded1965
HeadquartersLondon, England, UK
Key people
Lars Emilson, Chairman
Michael Foster, CEO
Revenue£1,719.6 million (2010)[1]
£145.9 million (2010)[1]
£118.9 million (2010)[1]
Number of employees
12,313 (2010)[1]
ParentColfax Corporation
Websitewww.charter.ie

History

The British South Africa Company was founded in 1889 by Royal Charter.[2] On the initiative of Anglo American Corporation it merged in 1965 with The Central Mining & Investment Corporation and The Consolidated Mines Selection Company to form Charter Consolidated.[2] Slightly over one-third of the shares of the new company were owned by Anglo American Corporation.[2] Its assets were mainly mining investments and its strategy was to develop as a mining finance house actively engaged in mineral exploration and the development of mines throughout the world.[2]

In the 1980s Charter Consolidated disposed of its overseas mining concerns to concentrate on its British engineering interests.[2]

In 1993 the company's name changed to Charter plc.[2]

In 1994 it acquired ESAB[3] and in 1997 it acquired Howden.[4]

In 2008 the business was restructured with the creation of a new Irish resident holding company, Charter International plc.[5]

The company was acquired by Colfax Corporation, an American company, in January 2012.[6]

Operations

The company had two main businesses:

  • ESAB: welding, cutting and automation
  • Howden: air and gas handling

References
  1. Annual Report 2010 Archived July 21, 2011, at the Wayback Machine
  2. Charter International: History Archived December 12, 2008, at the Wayback Machine
  3. No deals please: we are Swedish
  4. Guide to interim management Archived May 10, 2008, at the Wayback Machine
  5. New Jersey incorporated Irish tax resident London listed holding company Archived November 29, 2010, at the Wayback Machine
  6. ESAB Acquired by Colfax Corporation PR Web, 13 January 2012
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.