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The Company was founded by Herman Sanders in 1888 and after a Mr Rehders joined the business, established as '''''Sa'''nders, '''R'''ehders & '''Co'''.'' ('Sarco') in [[London]] importing [[thermostatic]] steam traps from [[Germany]].<ref>{{Cite web |date=July 2008 |title=Top 100 Gloucestershire Companies |url=http://content.thisis.co.uk/gloucestershire07/top10008/page15.pdf |publisher=Westbusiness}}</ref> It started to manufacture [[steam trap]]s in [[United Kingdom]] under the ''Spirax'' brand name in 1932 and was first listed on the [[London Stock Exchange]] in 1959.<ref>{{Cite web |title=Stocks and prices |url=http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB0008347048GBGBXSTMM0834704SPX |access-date=1 April 2015 |website=londonstockexchange.com}}</ref> In 1960 a range of self-acting pressure controls are introduced for the first time: then in 1963 it bought ''Drayton Controls'', a control valve and instrumentation business.<ref>{{Cite web |title=Spirax-Sarco Engineering Fundamentals |url=http://www.financial-betting.com/course/shares/trading-spirax-sarco-shares |access-date=1 April 2015 |publisher=Financial Betting}}</ref>
The Company was founded by Herman Sanders in 1888 and after a Mr Rehders joined the business, established as '''''Sa'''nders, '''R'''ehders & '''Co'''.'' ('Sarco') in [[London]] importing [[thermostatic]] steam traps from [[Germany]].<ref>{{Cite web |date=July 2008 |title=Top 100 Gloucestershire Companies |url=http://content.thisis.co.uk/gloucestershire07/top10008/page15.pdf |publisher=Westbusiness}}</ref> It started to manufacture [[steam trap]]s in [[United Kingdom]] under the ''Spirax'' brand name in 1932 and was first listed on the [[London Stock Exchange]] in 1959.<ref>{{Cite web |title=Stocks and prices |url=http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB0008347048GBGBXSTMM0834704SPX |access-date=1 April 2015 |website=londonstockexchange.com}}</ref> In 1960 a range of self-acting pressure controls are introduced for the first time: then in 1963 it bought ''Drayton Controls'', a control valve and instrumentation business.<ref>{{Cite web |title=Spirax-Sarco Engineering Fundamentals |url=http://www.financial-betting.com/course/shares/trading-spirax-sarco-shares |access-date=1 April 2015 |publisher=Financial Betting}}</ref>


The company diversified into [[pump]] manufacturing in 1990 when it bought ''[[Watson-Marlow Pumps|Watson-Marlow]]''.<ref>{{Cite web |date=26 August 2008 |title=Convergence Investment For Falmouth Pump Manufacturer |url=http://www.businesscornwall.co.uk/news-by-industry/expansion/convergence-investment-for-falmouth-pump-manufacturer-123 |access-date=1 April 2015 |publisher=Business Cornwall}}</ref> It acquired the ''Jucker Industrial Division'', an [[Italy|Italian]] controls business, in 1993,<ref>{{Cite web |date=2 April 1993 |title=Spirax buys firms as profits rise |url=https://www.independent.co.uk/news/business/spirax-buys-firms-as-profits-rise-1452857.html |access-date=1 April 2015 |publisher=The Independent}}</ref> ''Bredel Hose Pumps'', a business manufacturing high-pressure hose pumps, in 1996<ref>{{Cite web |title=A brief history of pumps |url=http://www.worldpumps.com/view/37296/a-brief-history-of-pumps/ |access-date=1 April 2015 |publisher=World Pumps}}</ref> and ''M&M International'', an [[Italy|Italian]] piston actuated and [[solenoid]] valve business in 2001.<ref>{{Cite web |date=10 January 2002 |title=Acquisition of M&M International by Spirax Sarco |url=http://connection.ebscohost.com/c/articles/5905029/briefs |archive-url=https://web.archive.org/web/20150404210457/http://connection.ebscohost.com/c/articles/5905029/briefs |url-status=dead |archive-date=4 April 2015 |access-date=1 April 2015 |publisher=Supply House Times}}</ref> In September 2005 it acquired ''Mitech Actuators & Controls'' and ''Proportional Control Technology'', a pair of [[South Africa]]n businesses making process controls.<ref>{{Cite web |date=11 August 2006 |title=Local supplier prepares for big move |url=http://www.miningweekly.com/article.php?a_id=90342 |access-date=1 April 2015 |publisher=Mining Weekly}}</ref> Then later that year it bought ''EMCO Flow Systems'', a metering business.<ref>{{Cite web |date=August 2005 |title=Spirax-Sarco acquires EMCO Flow Systems |url=http://www.plantengineering.com/single-article/spirax-sarco-acquires-emco-flow-systems/4b4702e2ee6e75388d202be99d21bddf.html |access-date=1 April 2015 |publisher=Plant Engineering}}</ref>
The company diversified into [[pump]] manufacturing in 1990 when it bought ''[[Watson-Marlow Pumps|Watson-Marlow]]''.<ref>{{Cite web |date=26 August 2008 |title=Convergence Investment For Falmouth Pump Manufacturer |url=http://www.businesscornwall.co.uk/news-by-industry/expansion/convergence-investment-for-falmouth-pump-manufacturer-123 |access-date=1 April 2015 |publisher=Business Cornwall}}</ref> It acquired the ''Jucker Industrial Division'', an [[Italy|Italian]] controls business, in 1993,<ref>{{Cite web |date=2 April 1993 |title=Spirax buys firms as profits rise |url=https://www.independent.co.uk/news/business/spirax-buys-firms-as-profits-rise-1452857.html |access-date=1 April 2015 |work=The Independent}}</ref> ''Bredel Hose Pumps'', a business manufacturing high-pressure hose pumps, in 1996<ref>{{Cite web |title=A brief history of pumps |url=http://www.worldpumps.com/view/37296/a-brief-history-of-pumps/ |access-date=1 April 2015 |publisher=World Pumps}}</ref> and ''M&M International'', an [[Italy|Italian]] piston actuated and [[solenoid]] valve business in 2001.<ref>{{Cite web |date=10 January 2002 |title=Acquisition of M&M International by Spirax Sarco |url=http://connection.ebscohost.com/c/articles/5905029/briefs |archive-url=https://web.archive.org/web/20150404210457/http://connection.ebscohost.com/c/articles/5905029/briefs |url-status=dead |archive-date=4 April 2015 |access-date=1 April 2015 |publisher=Supply House Times}}</ref> In September 2005 it acquired ''Mitech Actuators & Controls'' and ''Proportional Control Technology'', a pair of [[South Africa]]n businesses making process controls.<ref>{{Cite web |date=11 August 2006 |title=Local supplier prepares for big move |url=http://www.miningweekly.com/article.php?a_id=90342 |access-date=1 April 2015 |publisher=Mining Weekly}}</ref> Then later that year it bought ''EMCO Flow Systems'', a metering business.<ref>{{Cite web |date=August 2005 |title=Spirax-Sarco acquires EMCO Flow Systems |url=http://www.plantengineering.com/single-article/spirax-sarco-acquires-emco-flow-systems/4b4702e2ee6e75388d202be99d21bddf.html |access-date=1 April 2015 |publisher=Plant Engineering}}</ref>


The company acquired ''Intervalf'', a Turkish operation, for £2.8m in 2009.<ref>{{Cite web |date=8 April 2010 |title=Spirax Sarco buys Turkish operation |url=http://www.insidermedia.com/insider/south-west/6378-spirax-sarco-buys-turkish-operation/ |access-date=1 April 2015 |website=South West News}}</ref> It completed a new facility in [[Shanghai]], China in June 2010: the plant, designed as Spirax's regional headquarters, combines a factory, warehouse, and offices.<ref>{{Cite web |title=How to Build a Factory and Distribution Centre in China |url=http://rightsite.asia/en/article/how-build-factory-and-distribution-centre-china |access-date=1 April 2015 |website=rightsite.asia}}</ref>
The company acquired ''Intervalf'', a Turkish operation, for £2.8m in 2009.<ref>{{Cite web |date=8 April 2010 |title=Spirax Sarco buys Turkish operation |url=http://www.insidermedia.com/insider/south-west/6378-spirax-sarco-buys-turkish-operation/ |access-date=1 April 2015 |website=South West News}}</ref> It completed a new facility in [[Shanghai]], China in June 2010: the plant, designed as Spirax's regional headquarters, combines a factory, warehouse, and offices.<ref>{{Cite web |title=How to Build a Factory and Distribution Centre in China |url=http://rightsite.asia/en/article/how-build-factory-and-distribution-centre-china |access-date=1 April 2015 |website=rightsite.asia}}</ref>

Revision as of 06:14, 13 November 2021

Spirax-Sarco Engineering plc
Company typePublic
LSE: SPX
IndustryManufacturing
Founded1888
HeadquartersCheltenham, England, UK
Key people
  • Jamie Pike (chair­person) Edit this on Wikidata
  • Nimesh Patel (CEO) Edit this on Wikidata
RevenueDecrease £1,193.4 million (2020)[1]
Decrease £270.4 million (2020)[1]
Increase £173.9 million (2020)[1]
Websitewww.spiraxsarcoengineering.com

Spirax-Sarco Engineering plc (LSE: SPX) is a British manufacturer of steam management systems and peristaltic pumps and associated fluid path technologies. It is headquartered in Cheltenham, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

History

Charlton House, Spirax-Sarco Engineering's head office in Cheltenham

The Company was founded by Herman Sanders in 1888 and after a Mr Rehders joined the business, established as Sanders, Rehders & Co. ('Sarco') in London importing thermostatic steam traps from Germany.[2] It started to manufacture steam traps in United Kingdom under the Spirax brand name in 1932 and was first listed on the London Stock Exchange in 1959.[3] In 1960 a range of self-acting pressure controls are introduced for the first time: then in 1963 it bought Drayton Controls, a control valve and instrumentation business.[4]

The company diversified into pump manufacturing in 1990 when it bought Watson-Marlow.[5] It acquired the Jucker Industrial Division, an Italian controls business, in 1993,[6] Bredel Hose Pumps, a business manufacturing high-pressure hose pumps, in 1996[7] and M&M International, an Italian piston actuated and solenoid valve business in 2001.[8] In September 2005 it acquired Mitech Actuators & Controls and Proportional Control Technology, a pair of South African businesses making process controls.[9] Then later that year it bought EMCO Flow Systems, a metering business.[10]

The company acquired Intervalf, a Turkish operation, for £2.8m in 2009.[11] It completed a new facility in Shanghai, China in June 2010: the plant, designed as Spirax's regional headquarters, combines a factory, warehouse, and offices.[12]

In 2011 the Minister for UK Trade & Investment, Lord Green, opened the new Spirax Sarco facility in Saint Petersburg, Russia[13] and in May 2012 the Deputy Prime Minister, Nick Clegg visited Spirax Sarco’s manufacturing facility in Cheltenham, Gloucestershire.[14] In May 2012 there was a shareholder revolt after Spirax-Sarco paid a former Executive Director compensation of £783,660; the company compounded the problem by failing to inform the markets of the shareholder revolt as required by the Listing Rules.[15] Then in November 2012 the company bought Termodinámica, a distributor based in Santiago de Chile.[16]

Operations

The company has two main operations:

  • Spirax-Sarco: provides engineered solutions for the design, maintenance and provision of efficient industrial and commercial steam systems (from single products through to complete turnkey bespoke packages)[17]
  • Watson-Marlow Fluid Technology Group: peristaltic pumps and associated fluid path technologies for the food, pharmaceutical, chemical and environmental industries[18]

Spirax-Sarco has operating units (operating companies, branches and associates) in 60 countries across the world.[19]

References

  1. ^ a b c "Preliminary Results 2020" (PDF). Spirax-Sarco Engineering. Retrieved 10 March 2021.
  2. ^ "Top 100 Gloucestershire Companies" (PDF). Westbusiness. July 2008.
  3. ^ "Stocks and prices". londonstockexchange.com. Retrieved 1 April 2015.
  4. ^ "Spirax-Sarco Engineering Fundamentals". Financial Betting. Retrieved 1 April 2015.
  5. ^ "Convergence Investment For Falmouth Pump Manufacturer". Business Cornwall. 26 August 2008. Retrieved 1 April 2015.
  6. ^ "Spirax buys firms as profits rise". The Independent. 2 April 1993. Retrieved 1 April 2015.
  7. ^ "A brief history of pumps". World Pumps. Retrieved 1 April 2015.
  8. ^ "Acquisition of M&M International by Spirax Sarco". Supply House Times. 10 January 2002. Archived from the original on 4 April 2015. Retrieved 1 April 2015.
  9. ^ "Local supplier prepares for big move". Mining Weekly. 11 August 2006. Retrieved 1 April 2015.
  10. ^ "Spirax-Sarco acquires EMCO Flow Systems". Plant Engineering. August 2005. Retrieved 1 April 2015.
  11. ^ "Spirax Sarco buys Turkish operation". South West News. 8 April 2010. Retrieved 1 April 2015.
  12. ^ "How to Build a Factory and Distribution Centre in China". rightsite.asia. Retrieved 1 April 2015.
  13. ^ "UK Minister for Trade and Investment to attend St Petersburg International Economic Forum". fco.gov.uk. Retrieved 1 April 2015.
  14. ^ "Deputy Prime Minister praises Spirax Sarco's investment in UK manufacturing". Process and Control. 8 May 2012. Retrieved 1 April 2015.
  15. ^ "Spirax fails to tell markets of investor rebellion". The Telegraph. 24 May 2012. Retrieved 1 April 2015.
  16. ^ "Spirax Sarco Buys Business/Assets Of Chilean Distributor For £3.3 Mln". RTT News. 7 November 2012. Retrieved 1 April 2015.
  17. ^ "Spirax-Sarco Engineering plc insider David J. Meredith Sells 4,911 Shares". Dakota Financial. 31 March 2015. Retrieved 7 April 2015.
  18. ^ "Watson-Marlow Fluid Technology Group". Copy book. Retrieved 7 April 2015.
  19. ^ "Our global presence". Spirax-Sarco Engineering. Retrieved 11 March 2020.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Spirax-Sarco_Engineering&oldid=1054998933"