Westburne Incorporated
Formerly | Westburne Oil Company Limited |
|---|---|
| ISIN | 🆔 |
| Industry | Wholesaling |
| Founded 📆 | 18 January 1952 |
| Founder 👔 | Joseph Beaubien |
Area served 🗺️ | |
| Members | |
Number of employees | |
| Parent | Rexel |
| 🌐 Website | https://www.westburne.ca |
| 📇 Address | |
| 📞 telephone | |
Westburne Incorporated is a Canadian electrical supply company. The company was founded in Montreal in 1952 by Joseph Beaubien as the Westburne Oil Company Limited but left the petroleum industry in 1965. Between 1969 and 1987 the company was part of an industrial conglomerate called Westburne International Industries Limited, which also had interests in petroleum exploration and production, oil drilling, and oil field supply. After the conglomerate's sale in 1987 to Dumez S.A., Westburne became exclusively a supply company. Since 2000, Westburne has been owned by Rexel, a French distribution company.
History
The Westburne Oil Company Limited was founded in Montreal in 1952 by Joseph Beaubien.[1] In 1965, the Great Plains Development Company of Canada, controlled by Burmah Oil, purchased Westburne's subsidiary Westburne Oil Development Limited.[2] In September 1965 the company changed its name to Westburne Industries Limited, and in March 1967 to United Westburne Industries Limited. In 1969, a new company called Westburne International Industries Limited was formed to serve as a holding company for United Westburne, Trimac Limited, and Commonwealth Petroleum Limited. The holding company's founder and longtime chairman was John A. Scrymgeour (1921–2003). In addition to its industrial activities, Westburne also amassed a large art collection.[3][4]
By the late 1980s, Westburne International consisted of three divisions: Westburne Petroleum and Minerals Limited, Westburne Petroleum Services Limited, and United Westburne Industries Limited. In 1987, Dumez Investments Incorporated – which was 70 percent owned by Dumez S.A. of Paris and 30 percent owned by Unicorp Canada Corporation – paid $14,574,495 to acquire Westburne International.[5][6] Shortly thereafter, Dumez S.A. bought out Unicorp's stake in the company.[7] Following the sale, Dumez sold off the company's petroleum assets[8] and amalgamated the remaining holdings into a single entity called United Westburne Incorporated, which in 1995 was simplified to its current name, Westburne Incorporated. In 2000, Rexel S.A. of Paris purchased Westburne and a year later divested of the company's remaining non-electrical interests.[9]
References
- ↑ Robert M. Stamp (ed.), The Canadian Obituary Record: A Biographical Dictionary of Canadians Who Died in 1988 (Toronto: Dundurn, 1989), 19.
- ↑ David Crane, Controlling Interest: The Canadian Gas and Oil Stakes (Toronto: McClelland and Stewart, 1982), 57.
- ↑ Edmonton Art Gallery, Impressionist Paintings from the Collection of Mr. and Mrs. J. A. Scrymgeour and Westburne International Industries, (Edmonton: 1972).
- ↑ Karen Wilkin, Selections from the Westburne Collection, (Edmonton: Edmonton Art Gallery, 1982).
- ↑ "Briefs," Calgary Herald (21 May 1987), F12.
- ↑ Michel Patry and Michel Poitevin, "Hostile Takeovers: The Canadian Evidence," in Leonard Waverman (ed.) Corporate Globalization through Mergers and Acquisitions (Calgary: University of Calgary Press, 1991): 148.
- ↑ Vern Simaluk, "Ontario's sanctified Auto Pact lives at U.S. whim," Calgary Herald (9 October 1987), D3.
- ↑ "Westburne Petroleum to be put on auction block," Calgary Herald (21 April 1987), C2.
- ↑ Tu Thanh Ha, "French firm to buy Westburne," Globe and Mail (21 July 2000): D2.
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