GPG came under the control of Brierley Investments Limited in 1990. Following this the Group was restructured and all of its then existing businesses sold.
GPG’s shares were listed on the NZSE in 1991, on the London Stock Exchange in 1992, and the Australian Stock Exchange in 1993. In August 1995 Brierley Investments Limited sold down its remaining shareholding in GPG and ceased to have any further involvement.
Brunel Holdings plc
With effect from 13 December 2002, Brunel Holdings plc became the legal parent of GPG (UK) Holdings plc, then named Guinness Peat Group plc, and its subsidiary undertakings, in a share-for-share transaction. The Group’s continuing operations and executive management remained those of the former Guinness Peat Group plc. The substance of the combination was that the former Guinness Peat Group plc acquired Brunel Holdings plc. On the date of the combination, Guinness Peat Group plc changed its name to GPG (UK) Holdings plc and immediately afterwards Brunel Holdings plc changed its name to Guinness Peat Group plc and changed its year end to 31 December from 30 June.
In 2003 a consortium led by GPG acquired Coats plc (now Coats Holdings Limited). In 2004 Coats became a 100% owned subsidiary of GPG. Coats is the world’s largest supplier of industrial thread and consumer crafts.