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UPDATE 1-UK's Rosebank Industries to acquire US firms in $3.05 billion deal
Rosehill Resources Inc. Class A ROSE | 11.66 | 0.00% |
Adds deal details and background from paragraph 2
March 3 (Reuters) - British investor Rosebank Industries ROSE.L said on Tuesday it would buy two U.S.-based industrial businesses, MW Components and CPM, in a deal worth $3.05 billion.
The deal is the next major step in Rosebank's "buy, improve, sell" strategy - turn around an acquired business before selling it on at a higher price.
It marks Rosebank's biggest deal since its 2025 acquisition of U.S.-based wire‑harness producer Electrical Components International for about $1.9 billion.
Deal is expected to be funded by an equity raise of 1.9 billion pounds ($2.53 billion) and new debt
Rosebank in February said it was in advanced talks with processing‑equipment supplier CPM and precision‑components maker MW Components, which are owned by funds managed by American Securities
The British company, which went public on the Alternative Investment Market in 2024, plans to move to the London Stock Exchange's Main Market in the second quarter
Separately, Rosebank reported an adjusted operating profit of $57 million for 2025. It posted an adjusted operating loss of $2 million for the seven months ended December 31, 2024.
($1 = 0.7519 pounds)


