The group continues to trade successfully in the APAC region, covering Australasian and Asian markets with a purpose-built manufacturing facility and corporate office in Malaysia.
Dexion Ltd (from the Greek for 'right') was established in 1937 in London by Australia-born engineer and printer Demetrius Comino, originally to deliver printing-related products.
The Second World War delayed further development of the product until 1947 when Comino was finally able to finance and open a small factory in Chingford, north-east London.
Antony Barrington Brown (well known as a photographer and explorer) joined Dexion in the mid-1950s and devised Speedframe: square-section metal tubes which could be quickly fitted together to assemble tables and benches;[8] the system made over £100 million over the next decade.
[9] In 1968, the company was floated on the London Stock Exchange, in one of the three largest issues that year, buoyed by results showing a 40% increase in world sales to £14m and a new record profit of £1.133m.
The Comino Foundation educational charity was established in 1971, financially supported by the proceeds of dividend income following Dexion's 1968 public flotation.
[13] In 2007 Dexion generated a turnover of €70m and, as part of the Aker Material Handling group of companies, was sold to the Swedish finance investor Altor Equity Partners.