Marshalls strengthens its business with £535m roof extension
Marshalls PLC is the leading supplier of natural stone and concrete products for outdoor landscaping in the UK. Since the 1890s, Marshalls has worked on the design and construction for some of the world-famous landmarks in the UK including Trafalgar Square as well as helping UK homeowners create their dream outdoor spaces.
Read time: 2 mins Added: 31/05/2022
Specialists in hard landscaping and building products, they were looking to expand their company’s offering with the acquisition of market-leading pitch roof tile specialists, Marley.
Marshalls turned to Lloyds Bank as joint arranger, who supported the expansion with a £370 million loan and revolving credit facility. The deal has accelerated Marshalls 5-year plan to become the UK's leading manufacturer of products for the built environment and strengthened their overall position within the market.
Investing in manufacturing
Marshalls, a national company with their headquarters based in Yorkshire, has a vision to create better spaces and futures, socially, environmentally and economically. This outlook was certainly worthy of investment and mirrors Lloyds Bank’s support for growth within the British manufacturing sector. “Helping Marshalls come together with another UK company to form an even stronger PLC is an example of how to leverage strategic regional opportunities”. Huw Howells, Managing Director, Manufacturing and Industrials, Lloyds Bank.
Helping build a brighter future
Marshalls and Marley are both major players in the manufacturing industry; the acquisition of this renowned brand strengthens Marshalls position in the market and has a positive impact on the British manufacturing industry as a whole.
Martyn Coffey, Chief Executive of Marshalls, commented: “Marley is a compelling strategic fit, which we identified as the ‘Marshalls of roofing’, with much in common across our businesses – from its strong market positions and leading brands, to its sales strategy, focus on culture and proven platform for future growth."
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