 | |
| Company type | Public |
|---|---|
| LSE: HTG | |
| Industry | Energy |
| Founded | 1874 |
| Headquarters | London,UK andHouston. United States |
Key people | Richard Hunting,Chairman Jim Johnson,CEO |
| Revenue |  £1,048.9 million (2024)[1] |
 £(21.1) million (2024)[1] | |
| £(25.5) million (2024)[1] | |
Number of employees | 2,423 (2024)[1] |
| Website | www.huntingplc.com |
Hunting plc is aBritish-based supplier to theoil andgas industry. Some 27% of the business is owned by the Hunting family.[2] It is listed on theLondon Stock Exchange and is a constituent of theFTSE 250 Index.
The company was founded in 1874 by Charles Hunting, aveterinary surgeon, as ashipping business.[3] The business, originally known asHunting & Pattison, was managed by the founder's son, Charles Samuel Hunting, and comprised twosailing ships, theGenii and theSylvia.[4] In the 1890s the company invested inoil tankers and became atanker broker.[5] In the 1930s and 1940s, it diversified intoaircraft maintenance and manufacturing as well asair transport, establishingHunting Aircraft in 1944 by the purchase of Percival Aircraft: this business was absorbed into theBritish Aircraft Corporation in 1960.[6]
At the end of 1945, Hunting entered theairline business and establishedHunting Air Travel Ltd, a business headquartered atLuton Airport.[7] The new airline began commercial operations fromBovingdon Airport at the start of 1946. In 1951, Hunting Air Travel changed its name to Hunting Air Transport. Another change of name occurred in late 1953, when Hunting Air Transport became Hunting-Clan Air Transport. This change of name resulted from the Hunting family's decision to split the group and to transfer their airline business to a new holding company which they had set up together with theScottishClan Line, a rivalshipping company owned by theCayzer family.[8]
In June 1998, Hunting Cargo Airlines was sold to a consortium consisting ofCMB (Belgium) andSafair (part of the Imperial Group) and rechristenedACL (Air Contractors Limited).[9] In the 1990s, Hunting became involved in defence contracts, notably, in 1993, being a member of the winning consortium contracted to manage theAtomic Weapons Establishment, a contract that lasted until 2003.[10] More recently, it refocused on its coreoil andgas activities.[11]
In December 2008, it completed the disposal ofGibson Energy, its operation transporting and marketingcrude oil in Canada, for a total consideration of £517m.[12] On 16 August 2010, Hunting PLC announces the acquisition of Innova-Extel Acquisition Holdings Inc. for a cash consideration of US$125 million.[13] On 5 August 2011 Hunting announced the acquisition of Titan Group for $775 million.[14] On 12 August 2011 Hunting announced the acquisition of Dearborn Precision Tubular Products for US83.5 million.[15]
As of 1 September 2017, Jim Johnson was promoted from the role ofCOO to the role of CEO to replace Dennis Proctor.[16]
Operations include:[17]
| International | |
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| National | |
