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AAH Pharmaceuticals
AAH Pharmaceuticals Limited is a pharmaceutical wholesaler in the United Kingdom. Originally formed in 1892 as a company selling solid fuels in South Wales, it was floated on the stock exchange in 1923. It diversified into pharmaceuticals in the 1970s. The company at one time was the leader in distributing drugs in the United Kingdom, have a 40% share in 2009.
AAH originated in 1892, when Cleeves Company was formed in Wales, owning about 7,000 acres of land. It merged with two local companies, Gurnos and Gellveeidrim, to form Amalgamated Anthracite Collieries Limited. The formation of Amalgamated Anthracite and competitor United Anthracite in 1923 marked the end of an era of small firms in the Welsh coal industry. As of 1928, Amalgamated Anthracite had become the dominant coal producer in Wales, controlling about 75% of production capacity by 1933. In the 1930s, Amalgamated Anthracite was unusual in selling coal through its own agents rather than through coal brokers.
In 1954, it was agreed to change the company name to Amalgamated Anthracite Holdings Limited (AAH). In early 1971 the company abbreviated its name to AAH Limited. The company diversified after the collapse of English coal production in the 1920s to include health services, building materials, transport, warehousing and environmental services (landscape conservation and waste disposal).
The Chairman of the company in the 1920s was Alfred Mond, 1st Baron Melchett, and the firm was floated on the Stock Exchange on 29 June 1923, having been registered as a public company on 16 June 1923. The registered office was 29/30 King Street, Cheapside, London. Amalgamated Anthracite Collieries Limited held its first company meeting on 5 September 1923 at the Cannon Street Hotel.
From mid-1925 to at least the end of 1926, all coal mining activities in England had ceased, resulting in major financial problems for the industry. This was a driving force behind the eventual merger with United Anthracite Collieries Limited. On 1 July 1927, the company merged with United to become known as A.A.C Anthracite, based at 120 Fenchurch Street.
In 1976, AAH sold off its interests in fuel and building materials. Healthcare services became the company's main business activity. AAH expanded its pharmaceutical interest by taking over a large number of businesses including Chemists Holding and Hills Pharmaceuticals.
AAH Limited became a constituent company of AAH Holdings in 1981, based in London. In 1985 the headquarters of AAH Holdings plc moved to the south of Lincoln. By the late 1980s, when based in Lincoln, the holding company was turning over £1 billion, though the turnover for the pharmaceutical section was only in the range of £20 million.
In 1985 AAH acquired pharmaceutical wholesaler Vestric Limited from Glaxo P.L.C., which continued the company's growth and led to the formation of AAH Pharmaceuticals Limited.
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AAH Pharmaceuticals
AAH Pharmaceuticals Limited is a pharmaceutical wholesaler in the United Kingdom. Originally formed in 1892 as a company selling solid fuels in South Wales, it was floated on the stock exchange in 1923. It diversified into pharmaceuticals in the 1970s. The company at one time was the leader in distributing drugs in the United Kingdom, have a 40% share in 2009.
AAH originated in 1892, when Cleeves Company was formed in Wales, owning about 7,000 acres of land. It merged with two local companies, Gurnos and Gellveeidrim, to form Amalgamated Anthracite Collieries Limited. The formation of Amalgamated Anthracite and competitor United Anthracite in 1923 marked the end of an era of small firms in the Welsh coal industry. As of 1928, Amalgamated Anthracite had become the dominant coal producer in Wales, controlling about 75% of production capacity by 1933. In the 1930s, Amalgamated Anthracite was unusual in selling coal through its own agents rather than through coal brokers.
In 1954, it was agreed to change the company name to Amalgamated Anthracite Holdings Limited (AAH). In early 1971 the company abbreviated its name to AAH Limited. The company diversified after the collapse of English coal production in the 1920s to include health services, building materials, transport, warehousing and environmental services (landscape conservation and waste disposal).
The Chairman of the company in the 1920s was Alfred Mond, 1st Baron Melchett, and the firm was floated on the Stock Exchange on 29 June 1923, having been registered as a public company on 16 June 1923. The registered office was 29/30 King Street, Cheapside, London. Amalgamated Anthracite Collieries Limited held its first company meeting on 5 September 1923 at the Cannon Street Hotel.
From mid-1925 to at least the end of 1926, all coal mining activities in England had ceased, resulting in major financial problems for the industry. This was a driving force behind the eventual merger with United Anthracite Collieries Limited. On 1 July 1927, the company merged with United to become known as A.A.C Anthracite, based at 120 Fenchurch Street.
In 1976, AAH sold off its interests in fuel and building materials. Healthcare services became the company's main business activity. AAH expanded its pharmaceutical interest by taking over a large number of businesses including Chemists Holding and Hills Pharmaceuticals.
AAH Limited became a constituent company of AAH Holdings in 1981, based in London. In 1985 the headquarters of AAH Holdings plc moved to the south of Lincoln. By the late 1980s, when based in Lincoln, the holding company was turning over £1 billion, though the turnover for the pharmaceutical section was only in the range of £20 million.
In 1985 AAH acquired pharmaceutical wholesaler Vestric Limited from Glaxo P.L.C., which continued the company's growth and led to the formation of AAH Pharmaceuticals Limited.