History
LLOYD COILS EUROPE was established in 1996. Starting as a manufacturer of coils supplied solely to the parent company (Friga-Bohn), the business has evolved over the years into a stable and reliable company with a broad customer portfolio. Nowadays, our products are shipped to dozens of countries, especially in Europe, and found in applications all over the world.
We have reaped benefits and learned from each phase of our history. Every single past event was a springboard for us to expand further and improve our services.
LLOYD COILS EUROPE milestones
| 1996 | The company, then known as FRIGA – COIL, is established by Friga Bohn (France) and Janka Radotín (Czech Republic). FRIGA - COIL operates as an internal supplier of coils to the parent company in Cremieu, France, and to Janka Radotín. |
| 1999 | Friga – Coil is acquired by Lennox International, resulting in the foundation of HEATCRAFT PRAGUE. |
| 2002 | The Outokumpu Copper Group of Finland acquires 55% of the company in August, with Heatcraft Prague becoming OUTOKUMPU HEATCRAFT CZECH. With the number of customers served from Prague steadily growing, the company no longer produces solely for the French plant in Cremieu which is now also a part of Outokumpu Group. |
| August 14, 2002 | The company is hit by floods, which affect the whole of Central Europe. When at its highest, the water level of the nearby Berounka River rises to 2.85 metres. Even this event has a positive impact on the company’s further development – the complete flooding of the manufacturing facility leads to reconstructing and renewing the building as well as all machinery. It took merely 15 weeks to resume operations. Following the floods, a comprehensive emergency plan was formulated for similar situations. It is not an overstatement to say today that the company can prevent a similar occurrence putting contracts for our customers under serious risk. If you wish to see the floods in the Prague facility, click here for an image gallery. |
| 2003 | The process of divesting the company’s Cremieu-based French plant begins. Some manufacturing lines as well as a growing number of sales, development, quality management and similar operations are transferred to Prague. |
| 2005 | Nordic Capital, a Swedish investment group, takes over the Copper Division from the Outokumpu Group and adopts measures to acquire the remaining 45% ownership share from Lennox International. The Luvata Group is established, with Outokumpu Heatcraft Czech becoming LUVATA CZECH. Manufacturing operations in the Cremieu-based French plant are discontinued that year, resulting in the transfer of all decision-making powers and financial management controls to Prague. Within the Luvata Group, Luvata Czech becomes the European headquarters of the Heat Transfer Coils Division and takes also over the management of the Italian facility. |
| August 2007 | The Luvata Group announces its plan to acquire the Italian manufacturer Eco Spa. The acquisition is subject to approval by the European Union and in order to maintain competition within the market, the European Union’s approval for the transaction is conditioned on divesting the Prague company from the Luvata Group. |
| August 2007 - May 2008 | A search is underway for a suitable buyer of the Prague facility, with Luvata Czech operating as a standalone unit during this period. |
| May 13, 2008 | Luvata Czech s.r.o. is acquired by LLOYD ELECTRIC AND ENGINEERING Ltd. LLOYD COILS EUROPE is established. |
