RCR Tomlinson

Last updated

RCR Tomlinson
FormerlyTomlinson Steel
Tomlinson Bros
Company type Public
ASX:  RCR
Industry Engineering
Founded1898
FounderErnest Tomlinson
Edward Tomlinson
Defunct2018
Headquarters,
Australia
Area served
Asia
Australasia
Key people
Roderick Brown (Chairman)
Bruce James (CEO)
Revenue$2.0 billion (2017/18)
($16 million) (2017/18)
Number of employees
3,400 (November 2018)
Website www.rcrtom.com.au

RCR Tomlinson was an Australian multi-disciplined engineering company that traded from 1898 until 2018.

Contents

History

The ADL/ADC class diesel multiple units were fitted out by Tomlinson Steel ADL 808 and ADC 858.jpg
The ADL/ADC class diesel multiple units were fitted out by Tomlinson Steel

In 1898, Tomlinson Bros was founded as an engineering company in Perth by Ernest and Edward Tomlinson. [1] In 1951 the company was floated on the Perth Stock Exchange. [2] [3] A new factory in Welshpool opened in the 1950s. [4]

After an unsuccessful takeover offer from Clyde Engineering in 1964, Tomlinson entered an agreement to produce AE Goodwin and AG Healing products under licence. [5] [6] The same year, the company's foundry in Lord Street, Perth closed after it decided to cease casting activities. [7]

In 1981, Clyde Engineering that already held a 63% shareholding, launched a successful takeover bid. [8] [9] In 1985 with a lack of work, Clyde proposed to close the business, however it was rescued in a management buyout. [10] In December 1996 RCR Engineering and Tomlinson Bros merged to form RCR Tomlinson. [3]

In the 2000s, it diversified into solar power projects. [11]

In 2012 the Norfolk Group of companies including O'Donnell Griffin, Hadens and Resolve Facilities Management was purchased.. [12] In 2015 the construction division of the Water Corporation was acquired. [13] [14]

In November 2018, RCR Tomlinson was placed in voluntary administration. [15] [16] [17] The collapse came just three months after it had received a $100 million capital injection. [11]

The O'Donnell Griffin rail business was sold to John Holland. [18] RCR Boilers and RCR Energy Services were sold to The Environmental Group. [19]

The Metalbilt and Danks doors businesses were sold to the ARA Group. [20] RCR Laser was sold to Wangara Business. [21] NRW Holdings acquired RCR Mining Technologies. [22] The RCR Energy New Zealand boiler products division was sold to Windsor Engineering Group. [23]

In March 2019, RCR Tomlinson was placed in liquidation. [24] [25]

Notable projects

Rail

Solar

References

  1. Tomlinson and Co Southern Cross Times 1 July 1939
  2. Tomlinson Steel The West Australian 22 June 1951 page 8
  3. 1 2 Our History RCR Tomlinson
  4. Tomlinson Steel Shows Expansion The West Australian 25 March 1953 page 20
  5. Clyde Makes Bid for WA Engineering Co Railway Transportation February 1964 page 6
  6. Tomlinson and Healing-Goodwin in Manufacturing Agreement Railway Transportation April 1964 page 8
  7. Foundry Plant Closed Railway Transportation June 1964 page 8
  8. In Brief Canberra Times 11 April 1981 page 22
  9. Tomlinson Steel Limited Delisted Companies
  10. Staff and unions rescue company Canberra Times 14 September 1985 page 9
  11. 1 2 RCR Tomlinson administrators reveal debts of up to $630m from collapsed engineering firm ABC News 4 December 2018
  12. Record Result PerthNow 23 February 2012
  13. RCR buys Water Corp division The West Australian 14 August 2015
  14. RCR Tomlinson buys Water Corp of WA's engineering unit Australian Financial Review 14 August 2015
  15. RCR Tomlinson to be split up and sold after staggering collapse Australian Financial Review 22 November 2018
  16. Circular to Suppliers McGrathNicol 22 November 2018
  17. Engineering firm RCR Tomlinson goes into adminstration ABC News 23 November 2018
  18. John Holland buys RCR Tomlinson rail unit through administrators McGrathNicol The West Australian 21 December 2018
  19. RCR finfs buyer for Tomlinson Energy Division Australian Mining 8 January 2019
  20. ARA acquires Metalbilt and Danks ARA Group 16 January 2019
  21. Wangara buys RCR Laser Business News 29 January 2019
  22. RCR Mining Technologies Acquisition NRW Holdings
  23. Windsor Energy: Acquisition of RCR Energy and RCR Energy Service Windsor Engineering March 2019
  24. Update to shareholders McGrathNicol 28 June 2019
  25. Notice of meeting of members of committee of inspection Australian Securities & Investments Commission 14 June 2022
  26. Australian Railway Wagons for India Canberra Times 8 August 1955 page 2
  27. Tomlinson's Receive Big WAGR Wagon Order Railway Transportation August 1959 page 29
  28. Rolling Stock Order to Tomlinson Steel Railway Transportation June 1969 page 39
  29. World Market International Railway Journal March 1965 page 17
  30. Ore Wagons Contract to Tomlinson Steel Railway Transportation February 1973 page 8
  31. 10 New air-conditioned suburban railcars for Westrail Westrail News Letter April 1981 page 2
  32. News in brief Railway Digest October 2003 page 17
  33. Darling Downs Solar Farm RCR Tomlinson
  34. RCR awarded capital works framework agreement and maintenance contract RCR Tomlinson 30 May 2018
  35. Gannawarra Energy Storage System Australian Renewable Energy Agency
  36. Queensland’s biggest solar farm starts generating to grid Renew Economy 31 May 2018