Melrose Industries plc

Company Description

Melrose Industries PLC is an industrial manufacturing company engaged in aerospace, automotive, powder metallurgy, air management, and other industries. Acquiring and restructuring diverse industrial businesses, Melrose Industries is primarily involved in the production of specific structures and systems, and key mechanical and electrical components with operations in North America, Europe, and internationally.

Detailed Description

Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air management, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies; and epowertrains and intelligent all-wheel drive systems. Its Powder Metallurgy segment offers precision automotive components and components for industrial and consumer applications; metal powder for powder metallurgy; and additive manufacturing parts for prototypes. The company's Nortek Air Management segment manufactures and sells ventilation products for the professional remodeling and replacement, residential new construction, and consumer DIY markets. This segment also manufactures and sells split-system and packaged air conditioners, heat pumps, furnaces, air handlers, and parts for the residential replacement and new construction markets; and custom designed and engineered products and systems for non-residential applications. Its Other Industrial segment provides turbo generators, transformers, and switchgears; develops and manufactures security, home automation, and access control technologies for the residential and commercial markets; and designs, manufactures, and distributes ergonomic products for use in a various working, learning, and healthcare environments. The company was formerly known as New Melrose Industries PLC and changed its name to Melrose Industries PLC in November 2015. Melrose Industries PLC was founded in 2003 and is headquartered in London, the United Kingdom.

Key People

Founder(s): Christopher Miller David Roper Simon Peckham

Justin Dowley (chair­person)  Simon Peckham (CEO)

Financials

Revenue: £6,883 million (2021)

Operating income: £(451) million (2021)

Net income: £837 million (2021)