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Blackfriars Corporation
Company typePrivate
IndustryElectrical supplies, semi-finished plastics
HeadquartersDelaware, 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

[edit]

Blackfriars 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]
Illustration of the company's structure and ownership
Blackfriars Corporation
Marshire Holdings Corp
Marlowe Holdings Ltd
Marlowe Holdings Investments Ltd

Edmundson Electrical Ltd
(Acq 1979)

Vink Holdings Limited[18]

Amari Plastics PLC

Self-Adhesive Supplies Limited

Plastestrip (Profiles) Limited

Stephen Webster Plastics Limited

A.I. International Laminates Limited

Marco Industries Limited

Recycled Plastics Limited

Graphic Printing Technologies Ltd

Plumbing & Heating Investments Ltd

Newbury Investments B.V
Newbury Investments Ltd

Decco Limited

Western Automation Limited

Dunasfern Limited

UK Cables Limited

European Lamp Group Limited

Lampways Limited

Norbain Group Limited[19]

Stearn Electric Company Limited

Deta Electrical Company Limited

Emco Limited
(Acq 2003)

Hajoca Corporation

Port Plastics, Inc

Laird Plastics, Inc
(Acq 2004)

Consolidated Electrical Distributors
US Electrical Services, Inc. (Acq 2007)

Standard Electric

EW

Monarch

Weidenbach/Brown

Lade/Danla

Maurice Electrical Supply Company Inc.
(Acq 2008, Est. 1922)[20]

Davis Wholesale Electric
(Acq 2013)[21]

SEFCO Electric Supply Inc.
(Acq 2015, Est. 1957)[22]



LOOK here - http://www.secgems.com/c/all_sec_filings/0001219406/blackfriars-corp

References

[edit]
  1. ^ "Sentor Electrical - United Arab Emirates - Voltimum UK".
  2. ^ "Emco Limited Announces Agreement On Offer To Purchase Emco Shares".
  3. ^ "Emco accepts $285-million buyout".
  4. ^ nurun.com. "McKeough Supply to be sold by family".
  5. ^ "Vink Plasts ejere udvider plast-familien".
  6. ^ http://ec.europa.eu/competition/mergers/cases/decisions/m5418_20090205_20310_en.pdf
  7. ^ "Laird Plastics to be Sold to Investment Group".
  8. ^ https://www.icis.com/resources/news/2004/08/24/608408/laird-plastics-sold-to-us-blackfriars-corp-for-65m/
  9. ^ a b "01. Laird Plastics, div. of Blackfriars Corporation – Top Plastics Distributors".
  10. ^ Editorial, Reuters. "Saudi's SABIC sells Polymershapes unit to U.S. firm". {{cite web}}: |first= has generic name (help)
  11. ^ http://www.bizjournals.com/houston/news/2016/09/08/saudi-arabian-chemical-co-sells-former-ge-plastics.html
  12. ^ 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)
  13. ^ "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".
  14. ^ Esposito, Frank. "Sabic sells Polymershapes to Laird Plastics parent Blackfriars - Plastics News".
  15. ^ https://www.optimas.com/uploads/general/2016-Top-Distribution-Companies-MDM-Market-Leaders-1.pdf
  16. ^ Esposito, Frank. "Sabic's sale of Polymershapes likely to impact wider distribution market - Plastics News".
  17. ^ http://www.adsalecprj.com/Publicity/MarketNews/lang-eng/article-67024014/NewsArticle.aspx
  18. ^ "Amari Plastics Public Limited Company - Company Information - Endole".
  19. ^ "Norbain acquired by Newbury Investments (UK) Ltd - Professional Security".
  20. ^ "US Electrical Services Buys Maurice Electrical Supply".
  21. ^ "CED Buys Davis Wholesale Electric in CA".
  22. ^ "CED Acquires SEFCO Electric Supply".