Private equity firm buys £200m-turnover manufacturer
A Staffordshire roofing specialist which employs 600 people has been bought by a private equity investor.
Inflexion Private Equity has agreed to acquire Marley from Belgian building materials firm Etex for an undisclosed sum.
Etex had grown the business over 20 years of ownership and tile manufacturer Marley now has annual revenues of more than £200m.
Simon Turner, managing partner at Inflexion, is looking forward to the investment helping to “build on Marley’s strong market position and product range”.
He said: “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 move allows Marley to further its growth plans by accelerating development of its products and services, both in its concrete and clay tile ranges, and its complete roof systems offer.
Paul Reed, managing director at Marley, said: “This is an exciting and defining move for Marley and is testament to the hard work the team has put in transforming our business model as well as investing in our brand.
“This acquisition from our parent company will help propel the business into a very exciting, fast growth future.”
Marley’s head office is in Burton, and it has sites in Gainsborough, Crewe, Reading, Bridgend, Glasgow and Kent.