Marshalls is pleased to announce that it has entered into a conditional agreement to acquire the entire issued share capital of Marley Group plc (Marley) at a value of £535 million.
Marley is a leader in the manufacture and supply of pitched roof systems to the British construction market.
The acquisition is conditional, amongst other things, on the approval of Marshalls shareholders, and completion of the acquisition is expected to occur in late April / early May.
Martyn Coffey, Chief Executive of Marshalls, commented:
“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.”
Read our formal announcement.