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LSE:MRO

Melrose Industries PLC

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Market:
LSE
Market Cap:
£5.37 billion
Price
110.55 GBX
Change
1.52%
52 weeks high
309.40
52 weeks low
72.00

In brief

Melrose floated with the strategy of acquiring businesses whose operational performance can be improved to create shareholder value.  Since then, Melrose has acquired several engineering companies, including Dynacast, McKechnie, FKI, Nortek and GKN.  Melrose went on to sell a large part of McKechnie in August 2007, and returned the bulk of the proceeds to shareholders. Melrose acquired GKN in a hostile takeover in 2018 for £8 billion.