Steetley plc
 A Leyland Truck formerly operated by Steetley plc | |
| Industry | Building materials |
|---|---|
| Founded | 1885 |
| Defunct | 1992 |
| Fate | Acquired |
| Successor | Redland plc |
| Headquarters | Rugby, Warwickshire, UK |
Key people | David Donne (Chairman)[1][2] |
Steetley plc was a large building materials business based in Rugby, Warwickshire, England.
History
[edit]The business was founded by Isaac Sharples as The Steetley Lime and Building Stone Company at Steetley near Worksop in Nottinghamshire in January 1885.[3]
It initially mined dolomite deposits for use in blast furnaces for steelmaking. However, it grew organically and by acquisition to become a large broadly-based building materials business.[4]
In 1952, the company acquired the Canada Crushed and Cut Stone Company, which mined dolomite deposits near Niagara Falls in Canada.[5]
A takeover bid by Hepworth Ceramic Holdings was blocked by the Monopolies and Mergers Commission in 1984.[6][7]
The company moved its headquarters from Gateford Hill in Worksop in Nottinghamshire to Brownsover Road in Rugby, Warwickshire in 1986.[8]
In early 1992, after a hostile takeover battle, the company was acquired by one of its major British-based competitors, Redland plc for £1 billion.[9][10][11]
References
[edit]- ^ "David Donne, Chairman, Steetley plc, Winter & Kidson". IMS Vintage Photos. Retrieved 1 December 2025.
- ^ Gill, H. (1990). "Spon's Quarry Guide To The British Hard Rock Industry". Taylor & Francis. p. 305.
- ^ "Steetley Works". Inspire Picture Archive. Retrieved 1 December 2025.
- ^ "Steetley plc". Grace's Guide. Retrieved 2 December 2025.
- ^ "Quarries". Whitwell Local History Group. Archived from the original on 6 January 2006.
- ^ "Hepworth Ceramic Holdings PLC and Steetley PLC: A report on the proposed merger of Hepworth Ceramic Holdings PLC and Steetley PLC". Monopolies Commission. Archived from the original on 2 December 2011.
- ^ "Competition and Markets Authority's decision to review structural merger undertakings given before1 January 2005" (PDF). Competition and Markets Authority. p. 3. Retrieved 2 December 2025.
- ^ "60 years of service to Freemasonry". Worksop Freemasons. 11 April 2020. Retrieved 1 December 2025.
- ^ "Redland moves nearer in bid to gain control of Steetley". constructionnews.co.uk. 9 January 1992.
- ^ "Redland's £625M hostile bid for Steetley reaches climax". constructionnews.co.uk. 26 March 1992.
- ^ Connon, Heather (26 March 1993). "Steetley buy boosts Redland figures: Earnings per share fall by a fifth". The Independent.