Type Public (LSE: MRO) Net income £(16.3) million (2015) Headquarters London, United Kingdom Founded 2003 Subsidiaries NORTEK HOLDINGS INC | Industry Finance Website www.melroseplc.net Revenue 261.1 million GBP (2015) | |
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Key people Christopher Miller, ChairmanSimon Peckham, CEO Stock price MRO (LON) 226.26 GBX -1.49 (-0.66%)17 Mar, 5:12 PM GMT - Disclaimer | ||
Melrose Industries plc (LSE: MRO) is a British-based investment company specialising in the acquisition and performance improvement of underperforming businesses. It is based in London and is listed on the London Stock Exchange.
Contents
History
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. In 2008 it acquired FKI, another engineering business and, in 2011, Dynacast was sold. McKechnie Plastic Components was sold in June 2012 and Elster, a metering business, was acquired in August 2012. In July 2015 it sold Elster to Honeywell. It went on to buy Nortek, a ventilation equipment manufacturer, for £2.2 billion in September 2016.
Constituents
The Group's principal subsidiary is Brush Turbogenerators, an engineering business which was acquired as part of FKI.
People
The Executive Chairman is Christopher Miller.