Marshalls tops off with Marley acquisition

Concrete and stone products manufacturer Marshalls is buying roof systems specialist Marley for £535m.

The deal was confirmed in a stock exchange announcement on Tuesday afternoon (April 5)

Marley will continue to be lead by its existing management team and will operate initially as a standalone division within the Marshalls group.

A company statement said that the Marshalls board believes that the acquisition of Marley represents a compelling strategic fit and will accelerate the company’s five year strategy to become the UK’s leading manufacturer of products for the built environment. Marley extends the company into the pitched roofing market and adds a complementary and extensive range of products across the full roof system including concrete and clay roof tiles, roof fittings, timber battens, solar panels and roofing accessories.

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.”

David Speakman, Chief Executive of Marley, said: “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.”

Last year, Marley attempted to float on the Stock Exchange but the move was halted due to the economic pressures at the time.

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About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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