US operation generates strong H1 for turnaround specialist Melrose
Manufacturing turnaround specialist Melrose Industries has announced strong interims boosted by the performance of its major US acquisition.
Today marks the first anniversary of the Alcester-based group’s acquisition of Nortek in a £1.1bn deal and the group marked the occasion by announcing fresh investment into the business.
The company is also on the lookout for further acquisitions.
Last year Melrose sold its Elster operation for £3.3bn, having paid £1.8bn for it in 2012. Melrose went on to return £2.4bn to sharehold... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
