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Marley

Marley is the leading UK manufacturer of pitched roof systems to the construction market. Inflexion led the buyout of Marley in 2019 and exited for £535m in 2022.

  • Sector

    Industrials

  • Headquarters

    Staffordshire, UK

  • Fund

    Buyout

  • Investment date

    August 2019 - May 2022

  • Status

    Realised

 

The company

Marley is the UK leading manufacturer and supplier of roofing system products, including concrete and clay tiles as well as associated roofing accessories employing 500 people across five manufacturing sites and two distribution centres.  The company benefits from a loyal customer base split between new build, repair, maintenance, and improvement.

The Inflexion investment

Inflexion backed the carve-out of Marley in August 2019 from Etex, a Belgium-based building materials firm. During Inflexion’s stewardship, Marley was established as an business, with Inflexion’s Digital team driving the transition to a standalone IT system. Significant investment was also made into new product development, including the introduction of a new tile line.

The Inflexion difference

Inflexion used its extensive industry experience with builders merchants Huws Gray to successfully drive growth for Marley, and appointed an experienced Chair to support the management team on their growth journey. Additionally, Inflexion’s experienced Commercial team worked with management to optimise Marley’s pricing strategy, ultimately helping to nearly double underlying EBITDA during Inflexion’s investment.

Inflexion also supported the development of environmentally friendly products including the entry into solar panels with the acquisition of roof-integrated specialist Viridian Solar Ltd in 2021. Subsequently, Marley’s ESG credentials were expanded, with carbon emissions intensity down 33% between 2019 and 2021. 100% of production waste is now recycled and all manufacturing energy sourced from renewable sources.

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