Editing BTR plc (section)

===Later years===
BTR's activities in late 1990s was marked by a series of divestments, at which point the company was headed by Ian Strachan.<ref>{{cite web |url = https://www.independent.co.uk/news/business/btr-opts-for-pounds-2-8bn-disposal-programme-1238739.html |title = BTR opts for pounds 2.8bn disposal programme |work = The Independent |date = 11 September 1997}}</ref> During 1994, less than three years after arranging to acquire the company, BTR opted to spin off [[Hawker Siddeley Canada]] via a flotation on the [[Toronto Stock Exchange]], swapping its 59 per cent holding for around £65 million.<ref>{{cite web |url = https://www.independent.co.uk/news/business/btr-to-spin-off-hawker-siddeley-in-canada-toronto-flotation-valued-at-pounds-65m-part-of-stratgey-to-concentrate-on-core-manufacturing-1407921.html |title = BTR to spin off Hawker Siddeley in Canada: Toronto flotation valued at pounds 65m part of strategy to concentrate on core manufacturing |work = The Independent |first = Russell |last = Hotten |date = 19 January 1994}}</ref> Similarly, after less than a decade of ownership, the company opted to sell Rockware.<ref>{{cite web |url = https://www.irishtimes.com/business/ardagh-meeting-approves-rockware-purchase-1.169194 |title = Ardagh meeting approves Rockware purchase |publisher =[[The Irish Times]]|first = Eibhir |last = Mulqueen |date = 1 April 1999}}</ref><ref>{{cite web |url = https://www.britglass.org.uk/knowledge-base/digital-library-and-information-services/acquisition-rockware-flaconnage-stolzle |title = The Acquisition Of Rockware Flaconnage By Stolzle Oberglas |publisher = britglass.org.uk |first = P J |last = Christie |date = Winter 1995}}</ref>
 	
Between 1996 and 1998, BTR sold the remaining Dunlop companies, and exited the aerospace sector entirely.<ref>{{cite web |url = https://www.independent.co.uk/news/business/btr-hives-off-aero-divisions-1168900.html |title = BTR hives off aero divisions |work = The Independent |first = Peter Thal |last = Larsen |date = 31 July 1998 |access-date = 22 October 2011}}</ref><ref>[http://www.highbeam.com/doc/1G1-59666966.html BTR sells South African tyre subsidiary]{{dead link|date=February 2019|bot=medic}}{{cbignore|bot=medic}}</ref> In November 1997, UniPoly S.A, bought 32 companies from BTR, including the Schlegel Sealing and Shielding Group, at a reported cost of roughly $867&nbsp;million.<ref>{{Cite web |date = 10 November 1997 |title = Unipoly S.A. Acquires Four BTR Product Divisions in 515 Million British Pound Management Buyout |url = http://www.thefreelibrary.com/Unipoly+S.A.+Acquires+Four+BTR+Product+Divisions+in+515+Million...-a019966436 |url-status = dead |archive-url = https://web.archive.org/web/20160305162217/http://www.thefreelibrary.com/Unipoly+S.A.+Acquires+Four+BTR+Product+Divisions+in+515+Million...-a019966436 |archive-date = 5 March 2016 |access-date = 20 July 2015}}</ref> The deal was a [[management buyout]] in which UniPoly Group was formed to take over most of the rubber products business of BTR plc.<ref>{{Cite web |date = 22 June 2001 |title = UniPoly executives leave company |url = http://www.rubbernews.com/article/20010622/NEWS/306229972/unipoly-executives-leave-company |website = Rubber News |access-date = 20 July 2015}}</ref> During these years, BTR was organised in the following businesses areas: Engineering, Packaging, Materials, Building products, Polymers.<ref>{{Cite news |last = Jones |first = Dow |date = 12 September 1997 |title = INTERNATIONAL BRIEFS; BTR to Sell Several Divisions |work = The New York Times |url = https://www.nytimes.com/1997/09/12/business/international-briefs-btr-to-sell-several-divisions.html }}</ref>

In 1999, BTR merged with [[Siebe plc|Siebe]] to form BTR Siebe, which was renamed [[Invensys]]. The last chief executive of BTR, Ian Strachan, became the initial chief executive of Invensys following the merger.<ref>{{cite web |url = http://www.managingautomation.com/maonline/news/read/Siebe_BTR_to_Merge_Into_14B_Automation_Giant_15661 |title = Siebe and BTR to merge into $24bn automotion giant |archive-url = https://web.archive.org/web/20110724184225/http://www.managingautomation.com/maonline/news/read/Siebe_BTR_to_Merge_Into_14B_Automation_Giant_15661 |archive-date = 24 July 2011 |publisher = Managing Automotion |date = 1 January 1999}}</ref><ref>{{Cite news |first = Sara |last = Calian |date = 24 November 1998 |title = Siebe, BTR Agree to Merge in Deal Worth $5.67 Billion |newspaper = [[Wall Street Journal]]|url = https://www.wsj.com/articles/SB911812349580621000 |via = www.wsj.com}}</ref> The merger has been viewed as a final admission that BTR's business model could no longer fulfil changes in customer expectations.<ref>{{cite journal |url = https://hbr.org/2008/12/when-you-shouldnt-go-global |title = When You Shouldn't Go Global |journal =[[Harvard Business Review]]|first1 = Marcus |last1 = Alexander |first2 = Harry |last2 = Korine |date = December 2008}}</ref>