Melrose Seeks $800 Million Acquisition While Selling Dynacast

Melrose Plc aims to acquire a manufacturer or engineering company worth more than $800 million as it begins a sale process for its Dynacast business, Chief Financial Officer Geoff Martin said.

The company said today it is trying to sell Dynacast, which makes razor handles and mobile-phone parts. Martin wouldn’t say who possible suitors were, but the business “has potential buyers,” he said.