Roof systems manufacturer sold in £535m deal

Burton roof systems manufacturer Marley looks set to be sold to Elland-headquartered Marshalls in a deal worth £535m.

Marley is a leader in the manufacturer and supply of pitched roof systems, while Marshall is a concrete and stone products specialist.

Post-deal, Marley will continue to be led by David Speakman (CEO), Dominic Heaton (CFO) and Paul Reed (COO) and will operate as a standalone business within the Marshalls group.

Martyn Coffey, chief executive of Marshalls, said: “The acquisition of Marley represents a significant step towards achieving our strategic goal to become the UK’s leading manufacturer of products for the built environment.

“Marley is a highly profitable business with established market positions across UK RMI and new build housing. Much like Marshalls, its position is underpinned by a track record of product quality and customer service, and we believe Marley will represent a strong cultural fit with our own business.

“We would like to welcome Marley’s management team and colleagues to the Marshalls family and look forward to working with them in the coming years.”

Speakman added: “Marley is a robust business with a strong future ahead of it. As part of the Marshalls family, I believe we will be extremely well-positioned to continue our growth strategy to the benefit of our colleagues, customers and partners.”