Our Story

Josias Hancock

Josias Hancock

Joseph Gore

Joseph Gore

HGL Limited is proud of its longevity and uniquely Australian story.

Our origins can be traced to pre-federation when Thomas Hancock, together with his sons Josias and Thomas Junior, migrated to Queensland from Cornwall in 1855 and established a sawmill in the Ipswich area in 1867.

The business grew steadily and by 1886 Hancock & Sons employed 274 people. Joseph Gore, who had arrived in Australia from Wiltshire England in 1885, joined Hancock & Sons in a management position in 1901.

The business flourished and Hancock & Gore Ltd was incorporated in 1904, and  subsequently listed on the Brisbane Stock Exchange.

Since that incorporation, Hancock & Gore Ltd has had several iterations, to bring it to its present day identity of HGL Limited. The key events of this story are listed on the following timeline.

 

  • 2015
    Establishment of Nido Interiors
  • 2014
    Anitech is divested
  • 2013
    BOC and XLN are divested
  • 2013
    HGL commences implementation of the GPS Strategy Plan under the leadership of the new Chief Executive, Henrik Thorup, taking an active involvement in the day to day operations to ensure group turnaround objectives are achieved.
  • 2013
    Henrik Thorup is appointed CEO in January
  • 2012
    Michael Mahoney resigns as CEO due to ill health.
  • 2010
    Kevin Eley resigns as CEO, remains non-executive director of HGL Limited. Michael Mahoney is appointed CEO of HGL Limited.
  • 2007
    Biante is acquired in April
  • 2003
    BLC Cosmetics is acquired in July
  • 2003
    SPOS is acquired in April
  • 2003
    Julian Constable joins Board
  • 2002
    In June the company name is changed to HGL Ltd
  • 2001
    Peter Miller appointed Chairman
  • 2000
    Peter Miller and Frank Wolf join Board
  • 1997
    Leutenegger is acquired
  • 1987
    Hooper Bailie sells it shareholding in Hancock & Gore.
  • 1985
    Kevin Eley commences as CEO of Hancock & Gore
  • 1981
    Interests associated with Hooper Bailie Industries Limited acquire a 40% interest in Hancock & Gore and Robert Constable becomes Executive Chairman. They revitalise the company, sell the plywood interests, and become an investor in property, listed equities and private companies.
  • 1970
    Company experiences financial difficulties and sells a number of core businesses
  • 1952
    A new share issue to raise capital for projects such as sawmill electrification schemes and reafforestation plan commences. The company promotes its “remarkably stable dividend” since 1929
  • 1945
    Hancock & Gore are Australia’s largest plywood producers employing 2000 people and are the second largest employer in Qld after the railways
  • 1930/31
    Plywood and veneering plant established.
  • 1927
    90 shares issued for the first time to outside the founding shareholders.
  • 1916
    Business grows to include 5 metropolitan and 13 rural mills in Queensland, and 2 mills in NSW (Lismore and Roseberry)
  • 1904
    Hancock & Gore Ltd incorporated and listed on the Brisbane Stock Exchange
  • 1901
    Joseph Gore joins the business
  • 1867
    Thomas Hancock together with his sons, Josias and Thomas Junior, establish a sawmill in the Ipswich area.