UK's Melrose shares drop 6% after chemical incident at California plant

Melrose Industries

26/05/2026 08:08

May 26 (Reuters) - Shares in GKN Aerospace owner Melrose Industries MRON.L fell about 6% on Tuesday after an overheating chemical tank at its GKN's Garden Grove facility in California triggered an emergency response and evacuation orders over the weekend.

Melrose said GKN Aerospace is working with customers on operational recovery and supply plans as response operations continue.

The site, which makes aircraft windshields and specialty aerospace plastics, among other things, generated £136 million  ($183.29 million) in sales in fiscal 2025.

($1 = 0.7420 pounds)

 (Reporting by Nithyashree R B in Bengaluru; Editing by Mrigank Dhaniwala)

 ((NithyashreeRB@thomsonreuters.com))