Marshalls has announced that it has bought Edenhall Holdings, in a strategic move to boost its growth in the new build housing market.
Edenhall is Britain's largest independent brick manufacturer and Europe's leading supplier of concrete-facing bricks. It turned over £33 million in 2017 and employs about 250 people across ten production sites.
It is now part of the Marshalls Group and will continue to run as a standalone business for the foreseeable future, trading as Edenhall (a Marshalls Company).
Marshalls has manufacturing sites in the UK and Belgium and overseas offices in the US, Dubai and China. It employs around 2,300 people.
Marshalls says its acquisition of 100% of Edenhall Holdings' issued share capital is in line with its stated strategy of expanding into adjacent building products relating to new build housing.
Chief Executive Martyn Coffey 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.”
Andrew Cotton, Managing Director of Edenhall Group, said: “Joining forces with Marshalls adds real value to our customers and is a significant milestone in the growth of Edenhall."
TLT acted on the sale on behalf of Edenhall Group.