User:Secretlondon/Allied Colloids
| Industry | Specialty Chemicals |
|---|---|
| Fate | Taken over by Ciba Specialty Chemicals in 1998 |
| Headquarters | Bradford , United Kingdom |
Allied Colloids was a large manufacturer of specialty chemicals, based in Bradford in northern England. They specialised in chemicals used in water treatment, particularly polyacrylamides used as flocculation agents. It was listed on the London Stock Exchange and was a member of the FTSE 250. Their original, 13 acre site, is still operation in Low Moor, Bradford and is now run by Solenis. It is one of the largest chemical plants in the UK.
Allied Colloids was founded in 1935 and moved to the site in Low Moor in 1953.[1]
It faced a hostile takeover by Hercules and was taken over by Ciba Specialty Chemicals in 1998. [2][3] Ciba was later taken over by BASF in 2009[4] which was transferred to Solenis in 2019.
Products
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Fire
Takeover
[edit]In 1997, the then Allied Colloids Group PLC faced a hostile takeover bid by Hercules Inc, an American chemical group. [5] Hercules bid 155p a share, increasing this to 195p, valuing the business at £1.35bn. Allied found a white knight in Ciba Speciality Chemicals [6]
Awards
[edit]- The Queens Award to Industry (1972)[7]
- The Queen's Award to Industry (1975) [8]
- The Queens Award for Technical Achievement (1990) [9]
References
[edit]https://www.independent.co.uk/news/business/allied-colloids-battle-bursts-into-life-as-ciba-joins-fray-1139804.html https://www.thetelegraphandargus.co.uk/news/8080401.swiss-win-battle-for-allied-colloids/
- ^ HSE (1993). The Fire at Allied Colloids Ltd (PDF) (Report).
- ^ "Ciba takes control at Allied Colloids". Telegraph and Argus. 13 March 1998.
- ^ Susan Warren; Sylvia Ascarelli (25 November 1997). "U.K.'s Allied Colloids Rejects Hercules' $1.81 Billion Offer". Wall Street Journal.
- ^ "History of BASF in the UK". www.basf.com. Retrieved 1 January 2023.
- ^ Andrew Yates (27 November 1997). "Allied Colloids renews assault on hostile Hercules bid". The Independent.
- ^ "Hercules vs. white knight". CNN Money. 19 January 1998.
- ^ "The Queen's Award to Industry, 1972". The London Gazette. 20 April 1972.
- ^ "The Queen's Award to Industry, 1975". The London Gazette. 18 April 1975.
- ^ "Queen's Award for Technological Achievement, 1990". The London Gazette. 20 April 1990.