 |
|
| Fate | Acquired |
|---|---|
| Successor | Lafarge |
| Founded | 1919 |
| Defunct | 1997 |
| Headquarters | Reigate, UK |
| Key people | Rudolph Agnew, (Chairman) Robert Napier, (CEO) |
| Industry | Building materials |
Redland plc was a leading British building materials business. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index.
History
The Company was established in 1919 as a manufacturer of concrete tiles trading as the Redhill Tile Company.[1]
In 1946 the Company changed its name to Redland Tiles.[1] In 1954 it expanded into Germany taking a minority interest Braas, a building materials business based in Heusenstamm.[1] The Company was first listed on the London Stock Exchange in 1955.[1] In 1969 it started operating in Australia acquiring a significant shareholding in Monier Ltd.[1]
In 1990 it diversified into the manufacture of plasterboard forming a joint venture with Lafarge for that purpose.[2]
By 1991 Braas was contributing almost half the profits of the Group.[3] The Company acquired Steetley plc, a major competitor, in 1992.[4] It sold its UK brick manufacturing business to Ibstock in 1996.[4]
The Company was acquired by Lafarge in 1997.[5]
References
- ^ a b c d e Monier Redland: History
- ^ Competition Commission Report 1990
- ^ Having Their Cake: How the City and Big Bosses Are Consuming UK Business By Don Young, Chapter 7 The Rise and Fall of Redland, Kogan Page, 2004 ISBN 978 0749438616
- ^ a b French losses and strong pound cost Redland dear The Independent, 28 March 1997
- ^ Redlands needs White Knights, The Independent, 16 October 1997
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