Grace's Guide

British Industrial History

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 133,120 pages of information and 210,773 images on early companies, their products and the people who designed and built them.

Melrose

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Melrose Industries PLC, of Colmore Circus Queensway, Birmingham (regd. office)

2003 Public company incorporated, shares listed on AIM. It was a cash shell with several directors who had previously worked for Wassall[1]. The company aimed to acquire good manufacturing businesses with strong fundamentals whose performance could be improved. Melrose financed its acquisitions using a low level of leverage, improved the businesses by a mixture of investment and changed management focus, and then sold them on and delivered the proceeds to shareholders.

2005 Acquired Dynacast and McKechnie from private equity group Cinven[2]

2007 Sold the McKechnie Aerospace business; sold PSM

2008 Acquired FKI

2009 Sold the non-UK parts of Logistex

2011 Sold Brush Traction, Logistex UK and Madico; sold Dynacast

2012 Melrose plc owns:

2012 Sold MPC, the final part of the McKechnie and Dynacast acquisitions; acquired Elster.

2013 Sold Truth Hardware and Marelli Motori. Sold Crosby and Acco, and Harris.

2014 Acquired Eclipse. Sold Bridon

2015 Sold Elster to Honeywell

See Also

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Sources of Information

  1. The Times, October 29, 2003
  2. The Times, April 22, 2005
  • [1] Company web site