Our Story

HGL Our Story

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.

2018

Acquisition of Pegasus Health care
Leutenegger is divested

2017

Acquisition of Intralux and POSM solutions
Biante is divested

2016

Cheryl Hayman joins the Board

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.