Hunting Plc history

During the 1930’s, the brothers also backed an E&P venture, prospecting for oil in the Texas.

1944 Percival Aircraft manufacturing operations are acquired.

In 1951, the company expanded into the Canadian oil marketing and distribution market, establishing Gibson Petroleum Marketing.

1952 The company launches Hunting Geophysics Ltd., pioneering the aerial geophysical prospecting market.

As such, Hunting rolled out its geophysical prospecting operations onto an international scale, with the creation of a dedicated subsidiary, Hunting Geophysics, in 1953.

In 1957, for example, the company decided to extend its engineering expertise into the growing field of heating and ventilation, forming a new subsidiary Hunting Mhoglas.

1962 After further diversification, such as in plastics manufacturing, the company launches Hunting Light Industries.

That operation was launched as a joint venture, Hunting Barnard Oilfield Services, in 1967, controlled at 60 percent by Hunting.

In 1985, for example, Hunting Gibson acquired the Hunting Group, which had remained the Hunting family's private investment vehicle for its controlling stakes in the three publicly listed companies.

Barring a four-year stint in Aberdeen, U.K., much of Western Pennsylvania-born Johnson's professional life has been in Texas, and more specifically in America's oil and gas capital of Houston, where he first moved to in 1988.

1989 The Hunting family merges its three publicly listed holdings into a single publicly listed entity, Hunting PLC.

In 1998, for example, the company acquired Landell Industries, which expanded Hunting's position in the Gulf of Mexico market.

"Hunting Plc Combines Three US Entities As Hunting Energy Services LP," Petroleum Finance Week, February 11, 2002.

In 2004, Hunting produced revenues of more than £1.25 billion ($2.4 billion).

Boosted by the proceeds of restructuring and the sale of the Canadian midstream business, Gibson Energy in 2008, the company has since sought to consolidate its global footprint through organic investment and selective acquisition.

The acquisition of the Titan Group in 2011 was the largest in the Company’s history significantly extending the range and utility of products in the wellbore from downhole instrumentation and perforating systems to access complex and unconventional reserves around the world.

Any slowdown in Hunting's mature Western businesses often gets "balanced out" by its expansion in the East, particularly in Middle East and Southeast Asia, and it all once bottled down to holding firm during 2015-16 downturn.

In August, it reported a first-half 2019 revenue of $508.9 million (up 15% on an annualized basis), with underlying earnings before interest, tax, depreciation and amortization (EBITDA) up 6.2% to $77.4 million, and a reported profit from operations of $41.1 million.