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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. 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.
2007 Sold the McKechnie Aerospace business; sold PSM
2008 Acquired FKI
2009 Sold the non-UK parts of Logistex
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