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