Inflexion Private Equity has announced that it has agreed to acquire Marley from Etex, a building materials firm based in Belgium which has owned the roofing specialist since 1999. The investment is being made by Inflexion Buyout Fund V, Inflexion’s dedicated mid‐market fund.
Founded in 1924, Marley manufacturers a variety 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.
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 it truly understands our sector, while its experience in helping expand businesses organically and acquisitively makes it 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.