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12/12/2018

Marshalls Acquires Independent Brick Manufacturer

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Marshalls has acquired independent British brick manufacturer Edenhall Holdings.

Edenhall, which manufactures and sells concrete facing bricks in a spectrum of colours, shades and textures, will form part of the Marshalls Group of businesses.

The company will run as a standalone business under the Marshalls umbrella.

This new acquisition supports Marshalls' strategy of expanding into adjacent building products relating to new build housing.

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Martyn Coffey, Chief Executive of Marshalls, said: "Marshalls' Strategy is to grow both organically and through carefully selected earnings enhancing bolt-on acquisitions with a particular focus on those parts of the market where higher levels of growth are anticipated, including New Build Housing, Road, Rail and Water Management. The acquisition of Edenhall represents a significant step towards achieving further growth in the New Build Housing market. Edenhall is a profitable business with a strong track record of quality, reliability and service, primarily targeting builders' merchants and regional and national housebuilders. The acquisition is in line with our stated strategy of expanding into adjacent building products related to New Build Housing."

Edenhall turned over £33m in 2017 and employs approximately 250 people, operating across 10 production sites.

(CM)

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