IMI
Revenue £809m
Pre-tax profit £127m
Here is another of those FTSE 100 companies you probably have never heard of but should have, one that in the past 13 years or so has turned itself from a West Midlands-based metal-basher and smelter into a high tech engineering and specialist “flow control” group.
Under Martin Lamb, its previous boss, and Mark Selway, its present no-nonsense Australian chief executive, IMI has become a company that does everything from making valves for lorry brakes to providing technology used by the oil, gas, nuclear, power, construction and pharmaceutical industries, among others.
Mr Selway, who used to lead Weir Group, joined in January and in fairly short order carried out a “bottom-up review” before laying out to the market exactly