Melrose Industries

Melrose Industries plc is a British manufacturing company based in London. It specialises in buying, investing in, and divesting engineering companies. Its shares are listed on the London Stock Exchange as a constituent of the FTSE 100 Index. Melrose serves customers in the United Kingdom and United States. 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 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. History In 2003, Melrose Industries was launched on London's Alternative Investment Market with an initial market capitalisation of £10m; it had been established that same year by three individuals: David Roper, Christopher Miller and Simon Peckham. For many years, the three founders have been directly involved in managing the company; between 2003 and 2010, Melrose was headed by David Roper.