Roofing firm currently owned by private equity
The private equity owner of roof tile manufacturer Marley Group is considering floating the company on the London Stock Exchange next month.
The firm, which was set up in 1926, was acquired by Inflexion Private Equity from Belgian materials group Etex just two years ago.
It said a second announcement would be made next week on its plans with the firm looking at two weeks of meetings with institutional investors ahead of a float in the middle of October.
In the 72 weeks to December 2019, its last set of published accounts, the firm said turnover was £144m with a pre-tax profit of £21.3m.
Marley is the country’s largest manufacturer of roofing tiles, with an estimated market share of 21%.
The firm, which is chaired by former Balfour Beatty infrastructure boss Paul Lester, also produces a range of concrete and clay fittings, timber battens, roofing accessories and solar roof panels.