Date published 29 April 2022
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Following our announcement on 6 April, we’re pleased to announce that the acquisition of Marley Group for £535 million is now complete. Marley is a leader in the manufacture and supply of pitched roof systems; the acquisition was approved by our shareholders at a meeting on 28 April.
Martyn Coffey, Chief Executive of Marshalls, commented:
“We are delighted that shareholders have approved the acquisition of Marley and would like to thank them for their support. Marley is a compelling strategic fit, which we identified as the ‘Marshalls of roofing’, with much in common across our businesses – from its strong market positions and leading brands, to its sales strategy, focus on culture and proven platform for future growth.
The acquisition accelerates our progress towards becoming the UK's leading manufacturer of products for the built environment and we look forward to working with everyone at Marley to achieve this strategic goal."
The bringing together of two leading manufacturing businesses
Like Marshalls, Marley has a rich history and depth of expertise. The Marley Tile Company was founded in 1924 by Owen Aisher, who is responsible for the development of concrete roof tiles in Britain in response to the short supply of roofing materials following WW1. Today they are a UK leader in their field–manufacturing products such as concrete and clay roof tiles, roof fittings, timber battens, roof-integrated solar panels and roofing accessories.
We will share more on our plans for the future of Marshalls plc in coming weeks and months, in the meantime it remains business as usual for all customers, suppliers and partners.