Albright and Wilson: The Last Fifty Years

Podger, Hugh

ISBN 10: 1858582237 / ISBN 13: 9781858582238

Published by Brewin Books, 2002

About this Item

1st edition hardback, 2002. Pictorial dustjacket over green cloth gilt. Illustrated. 418 pages.

Seller Inventory # ABE-1670336748877

Bibliographic Details

• Title: Albright and Wilson: The Last Fifty Years
• Publisher: Brewin Books
• Publication Date: 2002
• Language: English
• ISBN 10: 1858582237
• ISBN 13: 9781858582238
• Binding: Hardcover
• Edition: 1st Edition
• Condition: New
• Dust Jacket Condition: New

About this title

Synopsis

This is an extraordinary blow-by-blow story of a venerable but vulnerable British chemical company which in its last 50 years went round a circle from family-dominated quoted company to subsidiary of a major American conglomerate and then re-flotation before final absorption by a French company. Rapid expansion in the 1950's and 1960's was followed by disastrous mistakes, leading to a near-collapse and rescue by Tenneco Inc. in 1971. Although wholly-owned by Tenneco from 1978, Albright & Wilson retained its identity and management until it was divested by a public offering in 1995, as a part of the break-up of Tenneco. Less than four years later, a slump in the company's share price after disappointing results led to a take-over battle, won by the French chemical company Rhodia, and final disintegration.