Further growth and acquisitions are on the cards for roofing giant Marley, which has unveiled plans to float on the Stock Exchange.
The £150m revenue business, based in Burton, Staffordshire, has been owned for the last two years by private equity firm Inflexion. Marley has grown to a share of around one-fifth of the UK market, since it was founded in 1924.
David Speakman, chief executive of Marley, said: “Our business combines the most comprehensive pitched roofing system available and well-invested, freehold production sites across the country which can provide significant additional capacity as needed.
“This, combined with a number of positive market dynamics, gives us the confidence to pursue our growth agenda and we see multiple opportunities for both organic and inorganic expansion.
He added: “Marley is further differentiated by our long and successful track record in sustainability and a clear roadmap to expand our ESG credentials.
“These credentials are strengthened by plans to expand our solar offering to deliver a range of smart energy solutions to homebuilders, social housing providers and homeowners.
“This means Marley is well-positioned to play an increasingly important role in helping deliver homes that meet the UK’s green agenda.”
Marley’s product range include clay and concrete roof tiles, timber battens, roofing accessories and roof-integrated solar PV panels, via its ownership of Viridian Solar.
Inflexion is the private equity house which, until earlier this year, when it sold its interests to Blackstone, was behind the growth of independent Welsh merchant Huws Gray.