Does anyone know a resource for additional information on the workings of Lister England and relatively recent changes? Who owns what, management and the like?
Thanks!
Kroll were the people that were involved when there was a financial crisis some years back, but it all started before then.
Lister was an independent company until bought by what was Hawker Siddeley Group. They merged Lister and Petter against all the best advices of folks in the industry, and what was the Petter side of the business was closed and all production concentrated at Dursley.
BTR Group took over Hawker Siddeley Group and almost immediately got into money trouble. Lister-Petter was the subject of a private buy-out for about £72million, and that's is when the bulk of the problems started.
They brought in a woman who was part of the Cummins management before her move to Dursley was Bonnie Dean, most of the problems seem to have stemmed from her activity at the company.
"Lister-Petter has appointed administrators to restructure the company's finances after delays in final funding arrangements. Bonnie Dean, CEO of the U.K. diesel engine manufacturer, said that the company will operate as normal while the administrators stabilize the finances and engage in discussions with the company's banks and creditors to agree on a new financial structure for the business. The Lister-Petter operations in India, France and the U.S. are not included in this administration order and will operate as usual.
"The business will be run as normal and employees will continue to be paid in the usual way," Dean said. Lister-Petter has 250 employees in Dursley. Dean said orders for the first half of 2003 were "stronger than expected."
That was in 2003.
She has departed now, and so has most of the manufacturing, foundry, machines and people, leaving a basic assembly operation that depends on India and China for its parts.
Two books:
"Lister - The First Hundred Years" David E Evans ISBN 0 904387 23 2
"A Path To The Door" Kenneth D'Maurney Gibbons, ISBN 0750910062
Peter