Melrose Industries plc (LSE: MRO) is a London-based company that specialises in buying and improving underperforming businesses. Its shares are listed on the London Stock Exchange as a constituent of the FTSE 100 Index.
Melrose Industries was founded in 2003 by David Roper, Christopher Miller and Simon Peckham. In terms of business practices, the company aims to buy and turn around underperforming businesses. Melrose has acquired, and in some cases also sold on, numerous engineering companies, including Dynacast, McKechnie, FKI, Elster, Nortek, and GKN. Its acquisition techniques have allegedly included hostile takeover tactics; Melrose has also been publicly criticised for issuing high paying performance linked incentive schemes to its top executives.
Type: Public limited company
Traded as: LSE: MRO
Industry: Finance
Founded: 2003
Founder: David Roper, Christopher Miller, Simon Peckham
Headquarters: London, England, UK
Website: www.melroseplc.net