Difference between revisions of "Melrose"
| Line 28: | Line 28: | ||
2012 Sold MPC, the final part of the McKechnie and Dynacast acquisitions; acquired Elster. | 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. | 2013 Sold [[Truth Hardware]] and Marelli Motori. Sold American firms, Crosby and Acco,<ref>The Times June 4, 2013</ref> and Harris. | ||
2014 Acquired Eclipse. Sold [[Bridon]] | 2014 Acquired Eclipse. Sold [[Bridon]] | ||
Revision as of 09:05, 22 November 2021
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:
- Acco
- Bridon
- Brush GMS
- Brush Turbogenerators
- Brush Transformers
- Crosby Group
- Harrington Generators
- Harris Equipment
- Hawker Siddeley Switchgear
- McKechnie Engineered Plastics
2012 Sold MPC, the final part of the McKechnie and Dynacast acquisitions; acquired Elster.
2013 Sold Truth Hardware and Marelli Motori. Sold American firms, Crosby and Acco,[3] and Harris.
2014 Acquired Eclipse. Sold Bridon
2015 Sold Elster to Honeywell
See Also
Sources of Information
- [1] Company web site