MarketThorn Electrical Industries
Company Profile

Thorn Electrical Industries

Thorn Electrical Industries Limited was a British electrical engineering company. It was listed on the London Stock Exchange, but merged with EMI Group to form Thorn EMI in 1979. It was de-merged in 1996 and became a constituent of the FTSE 100 Index, but was acquired by the Japanese Nomura Group only two years later. It is now owned by Terra Firma Capital Partners.

History
Sir Jules Thorn had worked in England as a travelling salesman for company Olso, an Austrian manufacturer of gas mantles. When Olso went bankrupt in 1926, Thorn decided to stay in England and set up Electric Lamp Service Company as dealers in electrical and radio goods, including importing Hungarian lamps. In 1931, Thorn opened his first shop, renting radios in Twickenham. Thorn acquired the Atlas Lamp Works company in 1932 and began making light bulbs in Edmonton, north London by the end of 1933. The company grew rapidly to become one of the world's largest producers of lamps, luminaires and lighting components. In October 1933, Jules Thorn formed Lotus Radio (1933) Limited with Mr L. M. Glancy, a director of Chorlton Metal Co. Limited, acquiring certain assets of the original Lotus Company and to manufacture radio receivers. Jules Thorn became chairman of Ferguson Radio Corporation in 1936 and Thorn began distributing their entire domestic radio production. In 1947 Thorn formed an agreement with Sylvania Electric Products to co-operate on the development and manufacture of fluorescent lamps. The company bought Tricity Cookers in 1951. Further expansion In 1957, Thorn entered an agreement with Bendix Aviation Corporation in the United States to make electrical components for guided missiles and supersonic aircraft in the UK on behalf of Bendix. The same year, they made arrangements with EMI to produce "His Master's Voice" (HMV) and Marconiphone radio and television receivers. They also brought all the lighting activities under Atlas Lighting Limited. In April 1959, they acquired Philco's UK business. The company bought Ultra Electronics in 1961. Thorn took over Glover and Main, a local Edmonton company in 1965, a gas-appliance manufacturer. Thorn manufactured television sets in Australia and in Bradford, UK. In June 1967, Moffat's interests in the UK were acquired. In August 1967, Thorn acquired Metal Industries, Limited, which had interests in electrical and electronic control and instrumentation, including Avo, Towler and Fawcett. In November 1967, Thorn bought out AEI's 35% interest in British Lighting Industries. In March 1968, they acquired Keyswitch Relays. By 1968, the Thorn Group had over fifty major factories in the United Kingdom and eight overseas covering a wide field in the electrical and electronics industries. The same year it also acquired Kenwood Manufacturing, a domestic appliance manufacturer. GTE sold its shares in 1968 following the acquisition of Radio Rentals. (microwave equipment). ==Merger with EMI==
Merger with EMI
Thorn merged with the EMI Group in October 1979, to form Thorn EMI. On 16 August 1996, Thorn EMI shareholders voted in favour of de-merging Thorn. The electronics and rentals divisions were divested as Thorn plc. ==Post demerger==
Post demerger
Future Rentals, a subsidiary of the Nomura Group, acquired Thorn in 1998. It subsequently passed to Terra Firma Capital Partners which set up the BrightHouse chain. The remainder of the company was sold to a private buyer in June 2007. Big Brown Box was launched in Australia in 2008 by Thorn, and was later sold to Appliances Online, a subsidiary of Winning Appliances, in 2011. The site was an online retailer of AV equipment, consumer electronics, and appliances. ==References==
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