Sub-fonds MS 24/1 - Low & Bonar PLC

In 1903 John C. Low and George Bonar entered into a partnership agreement to carry on the business of merchanting jute goods in both home and foreign markets. In 1909, East Port Calender works, a cloth-finishing and bag sewing and printing establishment was acquired. In 1912 the original partnership became incorporated as a Private Limited Company, Low & Bonar Ltd and the share capital of William Fergusson & Sons Ltd was purchased to give the company an interest in jute weaving. In 1924 the company acquired control of Baxter Brothers & Co. Ltd. The Eagle Jute Mills were built in 1930 on the site of the Dens Foundry and engineering works formerly operated by Baxter Brothers. In 1951 with the acquisition of a controlling interest in Bonar Long & Co Ltd, the company diversified into the field of electrical engineering and in 1953 the group's jute spinning activities were further expanded by the acquisition of Henry Boase & Co.