| Company type | Private |
|---|---|
| Industry | Electrical supplies, semi-finished plastics |
| Headquarters | Delaware, USA |
Area served | Global |
Key people | The Colburn family |
Blackfriars Corporation is a privately held investment company of the Colburn family. It has a global presence through a number of electrical wholesale distribution companies in the USA, UK, mainland Europe and in the UAE.[1] The company also controls a number of the largest companies in the prefabricated plastics industry through a number of subsidiaries.
History
editBlackfriars is the investment vehicle of the Colburn family whose fortune arose from the electrics and construction wholesale sector. The group control US-based electrical wholesaler Consolidated Electrical Distributors and leading UK based electrical wholesaler Edmundson Electrical.
In 2003, the group acquired building products manufacturer and distributor Emco Ltd through a subsidiary (Ontario Inc) for $285 million.[2][3] In 2008 Emco acquired HVAC, industrial piping, refrigeration and plumbing supplies wholesaler, McKeough Supply Inc.[4]
The group also controls UK-based Amari Plastics Plc which in turn owns the European semi-finished plastics parts distributor Vink.[5] through which in acquired a controlling stake in 2009.[6] In 2004 the group acquired Laird Plastics, the largest independent plastics distributor in North America, for $65 million, combining it with Port Plastics.[7] In 2003, Laird Plastics recorded turnover was $209.8 million.[8]
In 2015, Laird plastics acquired Hart Supply Co. for an undisclosed sum.[9]
In 2016, the group acquired Polymershapes from Saudi Basic Industries Corp,[10] with the deal expected to close in the fourth quarter of 2016.[11]. Polymershapes is the global leader in semi-finished plastics products, which was created in 2001 when General Electrics plastics division acquired semi-finished products distributors Commercial Plastics and Cadillac Plastics and merged them with the group.[12] Sabic acquired the division in 2007 for $11.6 billion.[13] The transaction marks a significant consolidation in the market for semi-finished plastics distribution, with the group already owning Laird Plastics Inc.[14] and as Global Plastics Letter noted the transaction will combine the top-two companies in the industry (Laird has estimated sales of $550 million,[9] Polymershapes $525 million with Piedmont Plastics in third place with an estimated turnover of $325 million).[15][16][17]
Ownership
edit| Blackfriars Corporation |
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LOOK here - http://www.secgems.com/c/all_sec_filings/0001219406/blackfriars-corp
References
edit- ^ "Sentor Electrical - United Arab Emirates - Voltimum UK".
- ^ "Emco Limited Announces Agreement On Offer To Purchase Emco Shares".
- ^ "Emco accepts $285-million buyout".
- ^ nurun.com. "McKeough Supply to be sold by family".
- ^ "Vink Plasts ejere udvider plast-familien".
- ^ http://ec.europa.eu/competition/mergers/cases/decisions/m5418_20090205_20310_en.pdf
- ^ "Laird Plastics to be Sold to Investment Group".
- ^ https://www.icis.com/resources/news/2004/08/24/608408/laird-plastics-sold-to-us-blackfriars-corp-for-65m/
- ^ a b "01. Laird Plastics, div. of Blackfriars Corporation – Top Plastics Distributors".
- ^ Editorial, Reuters. "Saudi's SABIC sells Polymershapes unit to U.S. firm".
{{cite web}}:|first=has generic name (help) - ^ http://www.bizjournals.com/houston/news/2016/09/08/saudi-arabian-chemical-co-sells-former-ge-plastics.html
- ^ Hartmann, Jens. "Plasteurope.com - SABIC: Polymershapes business goes to US company Blackfriars / Joint semi-finished products holding with Laird and Amari Plastics".
{{cite web}}: horizontal tab character in|title=at position 17 (help) - ^ "GE Announces Sale of Plastics Business to SABIC for $11.6 Billion; Industrial Portfolio Transformed for Stronger Growth; Proceeds to Be Used for Stock Buyback".
- ^ Esposito, Frank. "Sabic sells Polymershapes to Laird Plastics parent Blackfriars - Plastics News".
- ^ https://www.optimas.com/uploads/general/2016-Top-Distribution-Companies-MDM-Market-Leaders-1.pdf
- ^ Esposito, Frank. "Sabic's sale of Polymershapes likely to impact wider distribution market - Plastics News".
- ^ http://www.adsalecprj.com/Publicity/MarketNews/lang-eng/article-67024014/NewsArticle.aspx
- ^ "Amari Plastics Public Limited Company - Company Information - Endole".
- ^ "Norbain acquired by Newbury Investments (UK) Ltd - Professional Security".
- ^ "US Electrical Services Buys Maurice Electrical Supply".
- ^ "CED Buys Davis Wholesale Electric in CA".
- ^ "CED Acquires SEFCO Electric Supply".