Fairfield_Enterprises
Fairfield Enterprises
British-based manufacturer of industrial belting
Fairfiel Enterprises was a leading British-based machine distributor and supplier of tooling and support services to the printing and packaging industries. The company was taken over in 2000 by the Swiss company Bobst AG, a supplier of machinery and services to the packaging industry.
Industry | Distributor |
---|---|
Founded | 1884; 140 years ago (1884) |
Headquarters | Redditch, England, UK |
Key people | James Ramsey Venn (Chairman) (1999) Geoffrey Crossland Darricotte (Chief Executive) (1999) |
Revenue | £ 57.8 million (1999) |
£ 2.9 million (1999) | |
Number of employees | 353 (1999) |
The business was founded in London[1] in 1884 by the Jewish-German immigrant Oscar Friedheim (1858–1928),[2] at first trading in the supply of cardboard and paper. Five years later the company turned to the import and distribution of machinery,[3] starting with a German[4] made card cutting and scoring machine for the production of visiting cards.[5] From there on Oscar Friedheim focused on building up its connections with overseas machine manufacturers in the paper and packaging industry (e. g. Bobst, Faber & Schleicher, Muller Martini and after the Second World War Winkler + Dünnebier).
In 1913 the company was incorporated as a limited company with a nominal capital of £17,000.[6] During The Blitz its head office in Water Lane was hit hard twice. Most of the machinery and the company records got destroyed. Therefor a new provisional office had to be set up at Mill Hill.[7] 1948 Oscar Friedheim Ltd. bought the engineers and sundries business of John Haddon & Co, a London based printing and advertising company.[8]
In 1970 Fairfield Enterprises Ltd. was created as a holding company of Oscar Friedheim Ltd. To extend its business into spare parts Fairfield bought 50% of Lasercomb Dies Ltd. (Redditch) in 1984 and purchased the remaining 50% in 1991.[9]
In August 1997 Fairfield was listed on the London Stock Exchange at 80p per share[9] to raise funds for acquisitions.[10] In 1998 Fairfield bought Palatine Engraving (Leeds)[11] and Kennedy Grinding (London).[12] In 1999 the headquarters of Fairfield Enterprises was moved from London to Redditch.[13]
In 2000 Bobst AG of Switzerland acquired Fairfield Enterprises,[14] paying 200p per Share.[15] Fairfield's activities concerning the distribution of Bobst machinery in the UK and Ireland were renamed Bobst UK Holdings Ltd. The remaining parts of Fairfield, Friedheim International[16] and Lasercomb Group (including Palatine Engraving),[17] were sold to their management in 2005 and 2006 respectively.
- The first office was in 7 Water Lane, Blackfriars. In 1940 the street was renamed Blackfriars Lane.
- Oscar Friedheim was born 1858 in Tilsit (then in the German Empire), migrated to London in 1882 and died on 17 May 1928 at a sanatorium outside Berlin.
- Roy Brewer: Friedheim - A Century of Service - 1884–1984, Oscar Friedheim Ltd, London 1984, pp. 3
- Joseph William Zaehnsdorf: ″The Art of Bookbinding″, George Bell and Sons, London 1890
- Roy Brewer: Friedheim - A Century of Service - 1884–1984, Oscar Friedheim Ltd, London 1984, p. 15
- Roy Brewer: Friedheim - A Century of Service - 1884–1984, Oscar Friedheim Ltd, London 1984, pp. 26
- Roy Brewer: Friedheim - A Century of Service - 1884–1984, Oscar Friedheim Ltd, London 1984, p. 29
- "Fairfield Enterprises Plc - Introduction to the Official List, 19 August 1997". Archived from the original on 19 December 2022. Retrieved 18 January 2023.
- Amanda Hall: ″Fairfield inks in flotation date″, Sunday Telegraph 20.07.1997
- "Set fair for Fairfield", The Daily Telegraph,3 October 1998
- Fairfield Enterprises Plc Financial Report 1998, p. 11
- Fairfield Enterprises Plc Financial Report 1999, pp. 1
- "Milestones | BOBST". www.bobst.com. Retrieved 26 December 2022.
- Roy Brewer: Friedheim - A Century of Service - 1884–1984, Oscar Friedheim Ltd, London 1984.