HellermannTyton

HellermannTyton
Founded 1938
Key people
 Steve Salmon (CEO)[1]
Products cable management solutions
Revenue € 596.9 million (2014)[2]
€ 83.0 million (2014)[2]
Profit € 51.0 million (2014)[2]
Number of employees
 3,808 (2014)[2]
Website www.hellermanntyton.com

HellermannTyton is a British registered company with affiliated companies in 36 countries manufacturing and supplying products for fastening, fixing, identifying and protecting cables and their connecting components. The company operates 12 manufacturing sites[3] and employs worldwide over 3,800 people.[4] It was listed on the London Stock Exchange until it was acquired by Delphi Automotive in December 2015.[5]

History

The company was founded by Paul Hellermann and Jack Bowthorpe in Croydon as Hellermann Electric, a subsidiary of Goodliffe Electric Supplies, in 1938.[6] It moved to a new manufacturing site at Crawley in Sussex in 1948.[6]

In 1964 the company acquired Insuloid Manufacturing, a business which had been founded in 1933 by the Emery family in Hulme, Manchester manufacturing bus-bar insulations.[7][8] It launched the Tyton system, a method for cable bundling in continuous system, in 1965[9] and established HellermannTyton Corporation in Milwaukee in 1969.[10] Then in 1976 it expanded into the aviation market, offering cable management solutions for airplanes.[11]

The company established operations at Järfälla in Sweden in 1982,[12] at Hyogo in Japan in 1986[13] and in Wuxi and in Shanghai in China in 1998.[14] It then began harmonising its branding under the single worldwide trademark HellermannTyton in 1999.[15] After that, in 2000, it established a new plant at Tornesch near Hamburg with 15,000 m² of production and storage space.[16]

The company was sold by its then owners, Spirent, to funds controlled by Doughty Hanson & Co for £289m in 2006.[17] It was then the subject of an initial public offering in March 2013.[18] In September 2013 Doughty Hanson & Co sold a further 20.9% stake in the company for £119.25m.[19]

In July 2015 Delphi Automotive made an offer to buy the company for $1.7 billion.[20] The acquisition was completed on 18 December 2015[5] and HellermannTyton became constituent part of Delphi's Electrical/Electronic Architecture division.[21]

Origin of name

The name HellermannTyton is a Portmanteau of the founders surname, Paul Hellermann, and the 1965 invented "Tyton system", a method for cable bundeling in continuous system.

Operations

Manufacturing sites

The company has operations in 35 countries: it produces its products at twelve manufacturing sites.[22] Three production facilities are located in the UK (Manchester, Plymouth, Northampton). The others are located in Poland (Kotunia, within Słupca County),[23] France (Trappes), Germany (Tornesch), South Africa (Johannesburg), Singapore (Yishun), China (Wuxi), Japan (Hyogo), USA (Milwaukee)[24] and Brazil (Jundiai).[16]

Processed materials

The materials processed are usually engineering plastics: PA 6.6 (in different condition, like heat stabilized, UV-resistant, weather resistant, impact modified, glass filled, mineral filled, colored); PE, PP with different modifications; POM; PA 11, PA 12; PEEK; ETFE (Tefzel®); PA 46; other technical thermoplastics; Chloroprene Rubber.[25]

Sectors and divisions

The company produces for diverse markets and industries including Original equipment manufacturers for passenger cars, rail carriages, aircraft and ships[26] as well as products used in electronics, telecommunication equipment,[27] appliances or on construction sites.[28]

Product sales are categorized into to the following segments:

New parts development

The company develops products based on customer requirements. e.g. custom-made automotive wiring harnesses for passenger cars, for ship and aircraft manufacturers and other industries such as "white goods". Products are designed using design programms, known as CAD systems, in 3D. The designs are produced in a small series of prototypes sent to the customer for installation in vehicles, machinery etc. for testing purposes. After testing the part, corresponding quantities are made using injection molding.

References

  1. ↑ "Board of Directors". hellermanntytoninvestors.com. Retrieved 2015-03-28.
  2. 1 2 3 4 "Annual Report 2014" (PDF). HellermannTyton. Retrieved 2015-03-28.
  3. ↑ "Committed to Milwaukee: Global manufacturer creates jobs at home". biztimes.com. 2012-10-01. Retrieved 2015-02-12.
  4. ↑ "Investor and Analyst Site Visit". Londonstockexchange. Retrieved 2014-09-12.
  5. 1 2 "Delphi completes acquisition of HellermannTyton". Evertiq. 18 December 2015. Retrieved 18 December 2015.
  6. 1 2 "History page HellermannTyton UK". Hellermanntyton.co.uk. Retrieved 2013-09-18.
  7. ↑ "1933 Insuloid Manufacturing Company founded by the Emery". HellermannTyton Limited UK. Retrieved 2014-10-28.
  8. ↑ "Doughty sells part of HellermannTyton stake". unquote.com. Retrieved 2013-11-16.
  9. ↑ "Kabelbündelungsverfahren im Endlossystem Namen "Tyton"". Retrieved 2013-09-18.
  10. ↑ "Electrical Equipment/ Company Overview of HellermannTyton Corporation". BLOOMBERG BUSINESSWEEK. Retrieved 2013-09-18.
  11. ↑ "Archiv of the aviation magazine Flight Global 1976". Flightglobal.com. 1976-11-27. Retrieved 2013-09-18.
  12. ↑ "Kostnadseffektiv uppgradering utan modifieringar (PDF, in Swedish)" (PDF). Movex/M3 (Movex User Association, MAF). Retrieved 2013-11-16.
  13. ↑ "HellermannTyton Group plc/ History". HellermannTyton group plc. Retrieved 2013-12-10.
  14. ↑ "Website HellermannTyton China". Hellermanntyton.com.cn. Retrieved 2013-09-18.
  15. ↑ "HellermannTyton-U.S. federal trademark registration was filed for HELLERMANNTYTON". Trademarkia, Inc. 2012-03-26. Retrieved 2013-12-10.
  16. 1 2 "SOMOS ® NEWS 1/2010" (PDF). ProTec Polymer Processing GmbH. Retrieved 2013-12-10.
  17. ↑ "HellermannTyton a Spirent Company/ Overview". UK Business Park. Retrieved 2014-10-28.
  18. ↑ "Doughty doubles money on HellermannTyton". IPO E-Financial. Retrieved 2013-03-26.
  19. ↑ "Doughty Hanson sells part of HellermannTyton stake for £119m". AltAssets. Retrieved 2013-09-26.
  20. ↑ "Delphi Automotive Agrees to Buy HellermannTyton for $1.7 Billion". New York Times. 30 July 2015. Retrieved 2015-07-31.
  21. ↑ "Delphi banks on acquisitions for strong growth". New York Times. 5 August 2015. Retrieved 2015-08-13.
  22. ↑ "Announcement of Intention to Float/About HellermannTyton". Regulatory Story londonstockexchange.com. 2013-03-04. Retrieved 2013-11-17.
  23. ↑ "Hellermann chce produkować w Kotuni". www.slupca.pl. 2013-11-13. Retrieved 2014-09-08.
  24. ↑ "HellermannTyton plans for possible expansion on northwest side". www.jsonline.com. 2016-01-22. Retrieved 2016-01-25.
  25. ↑ "SOMOS ® NEWS 1/2010 / Materials Range" (PDF). ProTec Polymer Processing GmbH. p. 2. Retrieved 2013-12-10.
  26. ↑ "Mayor Barrett (Milwaukee) delivers State of the City Address". biztimes.com. Retrieved 2014-02-26.
  27. ↑ "HellermannTyton a Spirent Company/ Overview". CRONY d.o.o. Retrieved 2013-12-10.
  28. ↑ "TYCO ELECTRONICS LTD., 2011 ANNUAL REPORT" (PDF). TYCO ELECTRONICS LTD. 2011-11-18. Retrieved 2013-11-15.
  29. ↑ "RS Components Strengthens Global Agreement With HellermannTyton". Finanznachrichten.de. 2010-09-01. Retrieved 2013-09-18.
  30. ↑ "FE investegate.co.uk". Investegate. Retrieved 2013-10-21.
  31. ↑ "HellermannTyton Group PLC Statement re investor and analyst site visit". The Wall Street Journal wsj.com. 2013-09-27. Retrieved 2013-12-10.

External links

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