History Of Tower Colliery :
1864 - The 1995 Buyout

   1994 - British Coal closed Tower Colliery
   on 22nd April 1994 on the grounds that it
   would be uneconomic to continue
   production. A buyout group was formed
   from the workforce (Tower Employee
   BuyOut) and successfully bid for the
   Ownership of the Colliery.
   1995 - On January 3rd 1995 the Colliery
   re-opened under the ownership of the
   workforce buy out company - Goitre
   Tower Anthracite. By December 1995 the
   company had returned first year pre-tax
   profits exceeding four million pounds.

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Return To Contents
Introduction
The T.E.B.O
History In The Making - The Story So Far...
Tower Products