Takeover of Stackpole’s parent company, Tomkins plc, granted clearance by European Commission

September 16, 2010

September 16, 2010

The European Commission granted clearance on 13 September 2010 to the acquisition of Tomkins plc, the UK based parent company of powder metallurgy component manufacturer Stackpole Limited, by the Canada Pension Plan Investment Board (CPPIB) and the Onex Corporation (Canada). The consortium, operating under the newly formed company Pinafore, is expected to take joint control of Tomkins plc later this month.

CPPIB is a federal non-agent Canadian crown corporation and professional management organisation created to invest on behalf of the Canada pension plan and Onex is a private investment fund.

In 2003 Tomkins plc purchased all outstanding shares in Stackpole Limited, the Canadian based PM component manufacturer.

Stackpole is one of the world’s leading manufacturers of automotive powertrain systems and powder metallurgy components. Currently Stackpole has more then 1,500 skilled employees at six operating facilities in Canada and the UK.

Tomkins plc was founded in 1925 as F.H. Tomkins Buckle Company, a small British manufacturer of buckles and fasteners. Today, the company is a global manufacturing group with 165 manufacturing facilities, over 29,000 employees and revenue in excess of £3.5 billion.

In the 1980’s and 1990’s the Company embarked on a succession of acquisitions, which rapidly grew the revenue, product range and global reach. Major acquisitions included the US-based Gates Corporation in 1996, which signalled a move into the industrial and automotive markets and the Stant and Schrader businesses that further bolstered this division.

In the first half of the year, Tomkins was helped by improving market conditions which boosted revenues 23% to 2.4 billion US dollars (£1.6 billion). Pre-tax profits more than doubled to 261 million dollars (£170 million).

September 16, 2010

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Phoenix Sintered Metals: A story of transformation, growth and community from America’s PM heartland
  • World PM2024 Yokohama: The stage is set for the PM industry to find a path to sustainable growth
  • The state of Europe’s hard magnets industry and the challenge of optimising the mass production of Nd2Fe14B permanent magnets

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link