Hampson Industries

Hampson Industries plc
Company typePublic (LSE: HAMP)
IndustryAerospace
Automotive
Founded1947
HeadquartersBrierley Hill, UK
Key people
Norman Jordan, (Chairman)
Kim Ward, (CEO)
Revenue£157.9 million (2008)
£22.4 million (2008)
£5.3 million (2008)
Number of employees
1,830 (2008)
Websitewww.hampsonindustries.in

Hampson Industries plc was a large British provider of engineering services to the aerospace and automotive industries. The company was listed on the London Stock Exchange and is a constituent of the FTSE Fledgling Index. It is now in administration, which means it has become insolvent and is put under the control of Licensed Insolvency Practitioners.

History

The company was founded by Thomas "Tommy" Hampson Silk in 1947 in West Bromwich as an electrical engineering concern.[1] It was first listed on the London Stock Exchange in 1966.[1] In 1997 it acquired Arabis Machining Group.[1]

It expanded into the United States in 2004 with the acquisition of Texstars Inc.[2] Further acquisitions in the United States followed in 2005 with Coast Composites Inc.[3] and Lamsco West Inc.,[4] in 2007 with Composites Horizon Inc.[5] and in 2008 with Odyssey Industries Inc. and Global Tooling Systems Inc. for £158m.[6] In November, 2012, American Industrial Partners (AIP) acquired the five U.S. operating aerospace subsidiaries of Hampson Industries and formed AIP Aerospace, LLC. Coast Composites, Global Tooling Systems, Odyssey Industries, and Texstars now trade under Ascent Aerospace.[7] Composite Horizons was acquired by Precision Castparts (PCP) in July 2015.[8]

Hampson Industries UK expanded into India in 2005 and set up a factory at Nelamangala, Bangalore. This factory still exists under the name Hampson Industries Pvt Ltd and is owned by noted Indian entrepreneur Mr. Sumanth Reddy.

Operations

The company is organised as follows:[9]

References

  1. ^ a b c The first premises comprised a converted chapel in Arthur Street, where a very small workforce produced emergency generating sets for the booming post World War II reconstruction industry. Later, as the company prospered, producing jet aircraft engine starting equipment, the premises were moved to Greets Green, West Bromwich, adjacent to the Jensen Motors plant. Directors at that time included Tommy's brother John (Company Secretary) and Ted "Ken" Jones (Engineering Director). Tragically, Tommy and his wife died when their Lear jet crashed in France. Hampson Industries: History
  2. ^ Texstars Inc. being bought by Hampson
  3. ^ Hampson Industries plc acquires Coast Composites Inc from Hammond Kennedy Whitney Co
  4. ^ UK Group takes US composites route
  5. ^ Hampson Industries plc acquires Composites Horizon Inc. from Toray Industries Inc.
  6. ^ Hampson buys US firms to boost its expertise in aerospace composites
  7. ^ "About Us | AIP Aerospace | AIP Aerospace". www.aipaerospace.com. Archived from the original on 2014-05-15.
  8. ^ "Precision Castparts (PCP) to Acquire Composites Horizons, LLC; Seems Immediate Accretion".
  9. ^ Hampson Industries Annual Report 2008, page 2

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