A new chapter for MarleyPosted on 22 Aug 2019
A new chapter in Marley’s rich history begins today with the news that Inflexion Private Equity has agreed to acquire the business from parent company Etex.
The move allows Marley to further its growth plans by accelerating development of its innovative products and services, both in its concrete and clay tile ranges, and its industry-leading complete roof systems proposition.
Paul Reed, Managing Director at Marley, said: “This is an exciting and defining move for Marley and is testament to the hard work the team has put in transforming our business model as well as investing in our brand. This acquisition from our parent company will help propel the business into a very exciting, fast growth future. “Inflexion’s industry knowledge means it truly understands our sector, while its experience in helping expand businesses organically and acquisitively make it an excellent fit for our next stage of growth,” Paul Reed added.
The deal is in the advanced stages and the acquisition likely to be completed by the end of August.
Simon Turner, Managing Partner at Inflexion, commented: “The team at Marley has 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.”