This takeover bid for BBP set me thinking about what has become of all the businesses and brand names that once supplied the UK housebuilding industry. Here follows a far from complete list of “where they are now.” The heavy side has almost all gone overseas; the only big local player left is Hanson, which makes it an attractive target for other would-be empire builders. It’s ironic that Hanson Trust, as it then was, started a lot of this consolidation process back in the 70s and 80s, only to be hammered for it by the City when it went out of fashion in the 90s.
RMC: readymix concrete and cement. Now owned by Cemex of Mexico. Also own Russell roof tiles and Rugby Cement and Thermabate
Blue Circle: Britain’s original cement company, an original constituent of the FT30 in 1953, taken over by Lafarge (large French conglomerate) in 2001
ARC: part of Hanson, medium sized UK conglomerate, which includes Hanson brick and Thermalite and the old Marshall’s Floors business
Castle Cement: part of Heidelberg Cement, quoted in Germany
Bradstone: a brand owned by Aggregate Industries, a UK asphalt and concrete conglomerate which was itself taken over by Holcim of Switzerland in March 2005 for £1.8bn
Tarmac: now the Industrial Minerals Division of Anglo American plc, which includes Tarmac Topfloor and Durox
Ibstock Brick: taken over by CRH, large Irish conglomerate, in 1999
Celcon: Owned by H+H International A/S, a Danish company.
Baggeridge Brick: an independent brick manufacturer, quoted on the London Stock Exchange (LSE) till August 2006. Then it was taken over by the acquisitive Austrian group Wienerberger for £89m. Two years previously, Wienerberger had bought thebricksbusiness for £100m. The 2006 acquisition lifts Wienerberger to No 3 in the UK brick market at around 24%. Hanson is No 1 at 33%, CRH is No2 at 30%.
Redland: taken over by Lafarge
BPB: once British Gypsum, independent (but for how long), quoted on LSE. As well as plasters and plasterboard, it owns Artex and Rawlplug
Marley: now owned by Etex Group of Belgium
Boulton & Paul Joinery: originally bought by Rugby cement, sold to privately owned US joinery business Jeld Wen in 1999
John Carr: another independent joinery producer, also owned by first Rugby and merged with Boulton & Paul, now subsumed into Jeld Wen
Magnet Joinery: once quoted, now owned by the Swedish kitchen company, Nobia
Premdor Crosby: owned by Masonite of Canada, quoted in Toronto
Anglian Windows: based in Norwich, went public in 1992, MBO in 2001
Velux: private Danish company
Osma: always owned by Dutch group Wavin. Wavin is short for WAter and VINyl! Used to be part owned by Shell but I now jointly owned by Overijssel Water Board (who started it in the 1950s) and CVC Capital Partners, private equity.
Terrain: sold by Caradon to Geberit. Swiss plumbing supplies company, in 1999
Hepworth: bought out by Vaillant, sold on to Wavin
Baxi Potterton: now part of a plc owned by private equity, includes Heatrae Sadia, makers of Megaflo
Aqualisa: part of Baxi group
Myson Radiators: owned by Rettig, a privately owned Finnish company
Marshalls: independent, quoted on LSE.
Pilkington: independent glass manufacture, quoted on LSE
Ideal Stelrad: based in Hull, once part of Caradon, sold to HSBC private equity in 2002
MK Electric: part of Caradon group, which seems to have disappeared
Celotex: private UK company, MBO from larger American business using the same name
Kingspan: Irish public company
Jablite: brand name of Vencil Resil, taken over by Synbra Group BV from Holland
Rockwool: Danish public company
Sadolin and Sikkens: part of European conglomerate Akzo Nobel which includes what was left of Courtaulds and Crown Berger paints
Dulux: still part of ICI, as are Cuprinol and Hammerite