Bodycote

Bodycote plc is a supplier of heat treatments, metal joining, hot isostatic pressing and coatings services. Based in Macclesfield, United Kingdom, it is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Bodycote plc
TypePublic
LSE: BOY
FTSE 250 component
IndustryEngineering Services
Founded1923
HeadquartersMacclesfield, Cheshire, United Kingdom
Key people
Daniel Dayan (Chairman)
Stephen Harris (CEO)
RevenueIncrease £743.6 million (2022)[1]
Increase £102.0 million (2022)[1]
Increase £74.3 million (2022)[1]
Number of employees
5,000 (2023)[2]
Websitewww.bodycote.com

History

The Company was founded by Arthur Bodycote in Hinckley in 1923 as a textile business under the name of G.R. Bodycote Ltd.[3] It was acquired by Slater Walker in 1951 and demerged from them in 1973.[3]

It refocused on its present activities in the 1970s, particularly in bullet-proof and flame retardant clothing in the specialist materials sector. From 1979 onwards it made a series of acquisitions, the first of which was Blandburgh, a heat treatment business.[4] In 1980 it went on to buy Zinc Alloy Rust Proofing Ltd, which was the beginning of its metallurgical coatings business.[5]

In 1990 Bodycote acquired Metallurgical Testing Services Ltd (MTS) of Edinburgh from Murray International plc, laying the foundations for what would become Bodycote's materials testing business. In 2008 the materials testing division was sold to private ownership leading to the founding of the testing company Exova.[6] In 1991 it bought HIP Ltd, a leading Hot Isostatic Processing business.[7] In 2001 the Company bought Lindberg Corporation, the largest heat treatment business in the United States.[8] The company changed its name from Bodycote International plc to Bodycote plc in April 2008.[9]

Operations
Bodycote's head office at Tytherington Business Park in Macclesfield

The Company has two divisions:[10]

References
  1. "Preliminary Results 2022" (PDF). Bodycote. Retrieved 28 March 2023.
  2. "Our company". Bodycote. Retrieved 16 February 2023.
  3. "Calls to clean up derelict Hinckley factory". Hinckley Times. 28 February 2017. Retrieved 15 March 2019.
  4. "Bodycote engineers a robust showing". The Scotsman. 14 December 2005. Retrieved 15 March 2019.
  5. "Bodycote board rejects fourth takeover approach from Sulzer". The Times. 19 April 2007. Retrieved 15 March 2019.
  6. "Bodycote lifted by sale of testing business". The Telegraph. 29 August 2008. Retrieved 25 June 2014.
  7. "Born-again chain shows its mettle". The Independent. 27 October 1996. Retrieved 15 March 2019.
  8. "Bodycote flies across Atlantic for Lindberg". Citywire. 14 December 2000. Retrieved 15 March 2019.
  9. "Bodycote PLC - Change of name to Bodycote plc". Proactive Investors. 2 May 2008. Retrieved 15 March 2019.
  10. "Our business". Bodycote plc. Retrieved 15 March 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.