Redland plc
Encyclopedia
Redland plc was a leading British
building materials business. It was listed on the London Stock Exchange
and was once a constituent of the FTSE 100 Index
.
s trading as the Redhill Tile Company.
In 1946 the Company changed its name to Redland Tiles. In 1954 it expanded into Germany
taking a minority interest Braas, a building materials business based in Heusenstamm
. The Company was first listed on the London Stock Exchange
in 1955. In 1969 it started operating in Australia
acquiring a significant shareholding in Monier Ltd.
In 1990 it diversified into the manufacture of plasterboard forming a joint venture with Lafarge
for that purpose.
By 1991 Braas was contributing almost half the profits of the Group. The Company acquired Steetley plc, a major competitor, in 1992. It sold its UK
brick
manufacturing
business to Ibstock
in 1996.
The Company was acquired by Lafarge
in 1997.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
building materials business. It was listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and was once a constituent of the FTSE 100 Index
FTSE 100 Index
The FTSE 100 Index, also called FTSE 100, FTSE, or, informally, the footsie , is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange....
.
History
The Company was established in 1919 as a manufacturer of concrete tileTile
A tile is a manufactured piece of hard-wearing material such as ceramic, stone, metal, or even glass. Tiles are generally used for covering roofs, floors, walls, showers, or other objects such as tabletops...
s trading as the Redhill Tile Company.
In 1946 the Company changed its name to Redland Tiles. In 1954 it expanded into Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
taking a minority interest Braas, a building materials business based in Heusenstamm
Heusenstamm
Heusenstamm is a town of over 18,000 in the Offenbach district in the Regierungsbezirk of Darmstadt in Hesse, Germany.- Geography :- Location :The town lies on the river Bieber. Heusenstamm is one of 13 towns and communities in the Offenbach district...
. The Company was first listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in 1955. In 1969 it started operating in Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
acquiring a significant shareholding in Monier Ltd.
In 1990 it diversified into the manufacture of plasterboard forming a joint venture with Lafarge
Lafarge
Lafarge is a French industrial company specialising in four major products: cement, construction aggregates, concrete and gypsum wallboard. In 2010 the company was the world's second-largest cement manufacturer by mass shipped behind Holcim.-History:...
for that purpose.
By 1991 Braas was contributing almost half the profits of the Group. The Company acquired Steetley plc, a major competitor, in 1992. It sold its UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
brick
Brick
A brick is a block of ceramic material used in masonry construction, usually laid using various kinds of mortar. It has been regarded as one of the longest lasting and strongest building materials used throughout history.-History:...
manufacturing
Manufacturing
Manufacturing is the use of machines, tools and labor to produce goods for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale...
business to Ibstock
CRH plc
CRH plc, , is an Irish building material group, formerly called Cement-Roadstone Holdings plc. It is quoted on the Official Lists of the Irish Stock Exchange and London Stock Exchange.-History:...
in 1996.
The Company was acquired by Lafarge
Lafarge
Lafarge is a French industrial company specialising in four major products: cement, construction aggregates, concrete and gypsum wallboard. In 2010 the company was the world's second-largest cement manufacturer by mass shipped behind Holcim.-History:...
in 1997.