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Cash shell floated on AIM on 6 March
Thursday 08 Mar 2018 Author: Tom Sieber

Former divisional managers of industrial buyout firm Melrose (MRO) are heading up a new cash shell which hopes to buy underperforming industrial firms worth up to £750m, fix them and sell them.

Stirling Industries’ (STRL:AIM) business model is very similar to Melrose, although it is tiny in scale at present.

Directors Blair Illingworth and Simon Thomas used to work for Brush, a subsidiary of Melrose. Illingworth has also worked for Tarmac, Polypipe (PLP) and Marshalls (MSLH). (TS)

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