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Melrose has sold McKechnie Engineered Plastics, the injection moulding business with 650 staff in North Yorkshire and South Wales, to Rosti Group for £31m.

Melrose is to sell Dynacast, the precision die cast components manufacturer with sites in 20 countries, to a new company called KDI Holdings for £360m.

Melrose has sold Brush Traction Group, the provider of engineering services to the rail sector, to Westinghouse Air Brake Technologies.

Melrose has sold Crisplant, the supplier of warehouse sorting solutions formerly known as FKI Logistex Europe, to Beumer Group for £26m.

Melrose has acquired the Canadian and Welsh operations of Fishercast Global Corporation, the manufacturer of high-precision zinc and magnesium components with a site in Welshpool, in order to expand its Dynacast division.

Melrose has agreed to acquire FKI, the engineering group that includes 700 staff in Loughborough, for £478m.

Melrose has sold McKechnie Aerospace to a new company controlled by JLL Partners for £433m.