Melrose Industries

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Melrose Industries plc
Type Public (LSEMRO)
Industry Finance
Founded 2003
Headquarters London, UK
Key people Christopher Miller, Chairman
Simon Peckham, CEO
Revenue £1,732.8 million (2013)[1]
Operating income £274.9 million (2013)[1]
Net income £166.1 million (2013)[1]
Website www.melroseplc.net

Melrose Industries plc (LSEMRO) is a leading British-based investment company specialising in the acquisition and performance improvement of underperforming businesses. It is headquartered in London and is a constituent of the FTSE 250 Index.

History[edit]

The business was established in 2003. It was first listed on the Alternative Investment Market in the same year and moved to the main market in 2005. In 2005 it acquired Dynacast, a manufacturer of diecast parts and components, and McKechnie, an engineering group, and in 2007 it sold McKechnie Aerospace and McKechnie PSM for $855m.[2] In 2008 it acquired FKI plc, another engineering business[3] and, in 2011, Dynacast was sold.[4] McKechnie Plastic Components was sold in June 2012 and Elster, a metering business, was acquired in August 2012.[5]

Constituents[edit]

The Group is organised as follows:

  • Elster: a metering business[5]
  • FKI: an engineering group[6]

References[edit]

Company websites[edit]