Ownership
After Richard's death in 1864, the firm was owned by his son, also Richard. He died at the early age of 50, quite suddenly, in 1877. The company became a public company, being valued at £235,000. Employing about 1,400 workers, it was managed by the two other sons - James and William. Throughout the First World War, Hornsbys were seconded to producing munitions and engines for the Admiralty. This left them little room for marketing or manufacturing other products - often needing years of development. The management realised their future was in doubt, so looked for a suitable (and preferably nearby) company to amalgamate with, choosing Ruston. On 11 September 1918 when employing about 3,000 people, the company was bought out by Ruston & Proctor of Lincoln.
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