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Inflexion to slate a deal with Marley
Posted on Tuesday, 20 August 2019 14:18
Inflexion Private Equity Partners, through its Inflexion Buyout Fund V, is acquiring UK-based Marley from Etex, ending the latter’s 20 years of ownership in the roofing business.

Headquartered in Staffordshire, the target has 600 employees and operates through five manufacturing sites and two distribution centres.

Established in 1924, Marley claims to be the only UK building company to offer all the elements of a roofing system, namely clay and concrete tiles, shingles, roofing accessories and JB Red Timber materials.

The group also provides installation, maintenance and ventilation and dry fix services for customers.

No financial details were announced, and the deal is expected to close by the end of August.

Belgian building materials firm Etex bought Marley for EUR 40.00 million in October 1999.

Paul Van Oyen, chief executive of the vendor, said: “This transaction is fully in line with our strategy focused on lightweight construction and will enable Etex to concentrate on its core businesses: plasterboards, fibre-cement and passive fire protection solutions.”

For the financial year ended 31st December 2018, the group posted revenue of EUR 2.90 billion, up 3.7 per cent from EUR 2.79 billion in the preceding 12 months.

The London-based Inflexion has over 20,000 employees, with total assets under management of GBP 5.40 billion.

Its portfolio spans the healthcare and education, technology and business services sectors, among others, and includes companies such as Pims, CP Electronics, and European LifeCare.

Simon Turner, managing partner at Inflexion, said: “The brand [Marley] 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.”

There have been 82 deals targeting clay building material and refractories manufacturers signed off worldwide so far 2019, according to Zephyr, the M&A database published by Bureau van Dijk.

Stark Group agreed to pick up Germany’s Saint-Gobain Building Distribution Deutschland for EUR 335.00 million, in the largest of these to date.

© Zephus Ltd