Vickers Limited Announces Acquisition Of Jered Industries
E.R. Davies, chairman of the board of Jered Industries, Inc., Troy, Mich., and Derek P. Muir of the Engineering Group of Vickers Limited, have jointly announced the acquisition of Jered Industries by Vickers Limited of England.
Jered Industries is a major supplier of highly engineered marine equipment to U.S.
Naval and commercial vessels and offshore drill rigs. Jered Industries will be renamed Jered Brown Brothers Inc., and will become part of the Vickers Marine Group within the Vickers Engineering Division. Mr. Muir, chairman and managing director of Brown Brothers and Company Ltd. of Scotland, a wholly owned subsidiary of Vickers Limited, will become chairman of the board of Jered Brown Brothers Inc. Other officers, all from Jered Industries, will be J.J. Bolton Jr., vice chairman; Richard W. Glenn, president; Brian F. York, vice president and treasurer; and D.H. Davies, vice president. Mr. Muir has stated that the engineering and manufacturing facilities and personnel will remain essentially unchanged in the United States.
E.R. Davies, chairman of Jered Industries, has agreed to serve as consultant to the Marine Engineering Group of Vickers Limited and will be active in marketing the Group's products throughout the world.
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