Statement re Possible Disposals

RNS Number : 0818G

Melrose Industries PLC

03 June 2013

 



3 June 2013                                                                                                     

MELROSE INDUSTRIES PLC

STATEMENT RE POSSIBLE DISPOSALS

In response to recent media speculation, Melrose Industries PLC ("Melrose") confirms that it is in the very early stages of considering the possible sale of Crosby, and also Acco, as part of Melrose's established business model to buy good manufacturing businesses, improve their performance and realise value, often within a three to five year time frame.  Melrose has appointed J.P. Morgan Cazenove to assist in this process.

Crosby was acquired as part of the FKI acquisition in 2008 and is a world leader in the design, manufacture and marketing of lifting fittings, blocks and sheaves to the oil & gas, construction and mining industries.  

At this early stage there can be no certainty that this review will lead to a sale process being launched.  A further announcement will be made if and when appropriate.

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Enquiries:     

M:Communications

Ann-marie Wilkinson/Andrew Benbow           [phone]

 

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