Inflexion Private Equity has announced that it has agreed to acquire Marley, from Etex, a building materials firm based in Belgium which has owned Marley since 1999
The investment is being made by Inflexion Buyout Fund V, Inflexion Private Equity’s dedicated mid‐market fund.
Founded in 1924, Marley is the UK manufacturer and supplier of roofing system products, including concrete and clay tiles as well as associated roofing accessories. The Staffordshire-based business employs 600 people across five manufacturing sites and two distribution centres. Marley benefits from a loyal customer base split between new build, repair, maintenance and improvement.
Simon Turner, managing partner at Inflexion, commented: “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 brand is exceptionally well regarded, and we look forward to drawing upon our industry experience as we partner with management to build on Marley’s strong market position and product range.”
David Speakman, general manager at Marley, commented: “We are extremely proud of our long heritage and are very excited by the opportunities to grow the company further. Inflexion’s industry knowledge gleaned through its investment in builders merchants Huws Gray means they truly understand our sector, while their experience in helping expand businesses organically and acquisitively make them an excellent fit for our next stage of growth.”
The acquisition is expected to complete at the end of August.
This investment was made by affiliated funds advised by Inflexion Private Equity Partners LLP.