Melrose Industries
British company / From Wikipedia, the free encyclopedia
Melrose Industries plc is a British aerospace manufacturing company based in London. In 2023 Melrose Industries became an aerospace business. Melrose Industries is the parent company of GKN Aerospace. Its shares are listed on the London Stock Exchange as a constituent of the FTSE 100 Index.
Formerly | New Melrose Industries plc (September–November 2015)[1] |
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Company type | Public limited company |
LSE: MRO FTSE 100 component | |
Industry | Aerospace |
Founded | 2003 |
Founder |
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Headquarters | London, England, UK |
Key people |
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Revenue | £3,350 million (2023)[2] |
£57 million (2023)[2] | |
£(1,019) million (2023)[2] | |
Number of employees | 16,000 (2024)[3] |
Subsidiaries | GKN Aerospace |
Website | melroseplc |
Melrose Industries was founded in 2003 by David Roper, Christopher Miller and Simon Peckham. In terms of business practices, the company aimed 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;[4] Melrose has also been publicly criticised for issuing high paying performance linked incentive schemes to its top executives.[5] In 2023 Melrose Industries plc demerged GKN Automotive and GKN Powder Metallurgy from GKN as Dowlais Group, transforming itself to a focused aerospace business.