When software components are developed iteratively, code frequently evolves in an inductive manner: a unit (class, method, etc.) is created and is then copied and modified many times. Such development often happens when variation points and, hence, proper domain abstractions are initially unclear. As a result, there may be substantial amounts of code duplication, and the code may be difficult to understand and maintain, warranting a redesign. We apply a model-based process to semi-automatically redesign an inductively-evolved industrial adapter component written in C++: we use reverse engineering to obtain models of the component, and generate redesigned code from the models. Based on our experience, we propose to use three models to help recover understanding of inductively-evolved components, and transform the components into redesigned implementations. Guided by a reference design, a component's code is analyzed and a legacy model is extracted that captures the component's functionality in a form close to its original structure. The legacy model is then unfolded, creating a flat model which eliminates design decisions by focusing on functionality in terms of external interfaces. Analyzing the variation points of the flat model yields a redesigned model and fresh domain abstractions to be used in the new design of the component.