Melrose plc
Encyclopedia
Melrose plc is a leading British
-based investment company specialising in the acquisition and performance improvement of under-performing businesses. It is headquartered in London
and is a constituent of the FTSE 250 Index
.
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 plc, another engineering business.
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
-based investment company specialising in the acquisition and performance improvement of under-performing businesses. It is headquartered in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
and is a constituent of the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
.
History
The business was established in 2003. It was first listed on the Alternative Investment MarketAlternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main 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 plc, another engineering business.
Constituents
The Group is organised as follows:- Dynacast: Manufactures precision engineered diecast components from zinc, magnesium and aluminium alloys for use in consumer goods such as razor blade handles, mobile phone covers, auto industry fittings etc.
- McKechnie Plastic Components: Manufactures plastic components and metal pressings for the automotive, hardware and consumer industries.
- FKI: An engineering group made up of four divisions: Lifting products and services, Energy Technology group, Hardware, FKI Logistex.