ROOFING TILES GIANT, Marley has been acquired by private equity firm Inflexion, which also owns 60-branch builders’ merchant, Huws Gray.
Founded in 1924, Marley manufacturers and supplies roofing system products, including concrete and clay tiles, and roofing accessories. The Burton-headquartered business employs 600 people across five manufacturing sites and two distribution centres.
David Speakman, General Manager at Marley, commented: “We are extremely proud of our long heritage and are very excited by the opportunities to grow the company further.
“Inflexion’s industry knowledge gleaned through its investment in builders merchants, Huws Gray means they truly understand our sector, while their experience in helping expand businesses organically and acquisitively make them an excellent fit for our next stage of growth.”
Simon Turner, Managing Partner at Inflexion, commented: “The team at Marley have done a phenomenal job in creating not only a truly market-leading product, but also a resilient and differentiated business model in an industry with very attractive dynamics. The brand is exceptionally well regarded, and we look forward to drawing upon our industry experience as we partner with management to build on Marley’s strong market position and product range.”
Marley was bought from Etex, a building materials firm based in Belgium which has owned the company since 1999. The buyer’s investment is being made by Inflexion Buyout Fund V, Inflexion’s dedicated mid‐market fund and advised by Inflexion Private Equity Partners LLP.
The acquisition is expected to complete at the end of August.