Fine Spinners and Doublers
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Fine Spinners and Doublers was a major cotton spinning business based in Manchester in the United Kingdom. At its peak it was a constituent of the FT30 index of leading companies on the London Stock Exchange.
[edit] History
The company was founded in 1897 as The Fine Spinners and Doublers Association Limited with the objective of promoting the interests of cotton spinners in the North West of England. Businesses that joined in this enterprise at the time included James & Wainwright Bellhouse, Herbert Dixon and Scott Lings but many more followed in subsequent years.[1].
The new association was vast compared with its competitors and its large size enabled it to secure its supplies of cotton from Sea Island and Egypt.[1]
In 1938 Lancashire Cotton replaced Fine Spinners and Doublers in the FT30 as the latter completed a capital reduction and reorganisation programme.[2]
After World War II the name of the business was changed to Fine Spinners and Doublers Limited.[1]
[edit] Demise of the business
Fine Spinners and Doublers was acquired by Courtaulds in 1963.[3]
[edit] References
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