Roof tile maker Marley to float on stock market

Aaron Morby 1 month ago
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The country’s largest roof tile manufacture Marley has unveiled plans for a flotation on the London Stock Exchange.

Marley owns eight production and distribution facilities
Marley owns eight production and distribution facilities

Funds raised will be used to bankroll strategic plans for organic growth and acquisitions at the £150m revenue business.

Staffordshire-based roofing specialist was bought by private equity firm Inflexion two years ago from Belgian materials giant Etex, which has owned the firm since 1999.

Founded in 1924, Marley is the largest manufacturer of roofing tiles in Britain, with an estimated market share of approximately 21%.

As well as its main clay and concrete roof tile range it supplies timber battens, roofing accessories and roof-integrated solar PV panels, following the recent acquisition of Viridian Solar.

In addition, Marley operates a contracting division in Scotland, primarily offering roofing and main contracting services.

David Speakman, chief executive of Marley, said: “Our business combines the most comprehensive pitched roofing system available and well-invested, freehold production sites across the country which can provide significant additional capacity as needed.

“This, combined with a number of positive market dynamics, gives us the confidence to pursue our growth agenda and we see multiple opportunities for both organic and inorganic expansion.

He added: “Marley is further differentiated by our long and successful track record in sustainability and a clear roadmap to expand our ESG credentials.

“These credentials are strengthened by plans to expand our solar offering to deliver a range of smart energy solutions to homebuilders, social housing providers and homeowners.

“This means Marley is well-positioned to play an increasingly important role in helping deliver homes that meet the UK’s green agenda.”

Further details of the IPO plans will be released next week.

 

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