Acquisition aids Marshalls’ sales growth

Elland-based building and landscaping supplies company Marshalls has hailed their acquisition of Edenhall, saying has seen “strong performance” has helped revenues grow 21%.

In the four months to 30 April 2019, Marshalls reported revenues of £180m, up from £149m in the same period. If the impact of Edenhall was excluded, said the company, revenues were up 13%.

Edenhall, a manufacturer based in Newport in South Wales, was acquired in December 2018 for £11.8m, and Marshalls says its integration plan is “progressing well”.

Marshalls said that sales in the public sector and commercial market, which represent 69% of group sales, were up 26% compared with the same period last year.

Sales in the domestic market were up 9% compared with the prior year period.

In a statement the company said: “Recent trading has been strong and underlying indicators in the New Build Housing, Road, Rail and Water Management markets remain supportive to our growth strategy and plans.

“The group continues to outperform the Construction Products Association’s (“CPA”) growth figures and the board is increasingly encouraged regarding the Group’s performance for this financial year.

“The group’s focus remains the delivery of long-term sustainable growth, whilst maintaining a strong balance sheet and a flexible capital structure.”