Marshalls has announced that it has acquired Edenhall Holdings Limited, Britain’s largest independent brick manufacturer and Europe’s leading supplier of concrete facing bricks.
Edenhall manufactures and sells concrete facing bricks in a spectrum of colours, shades and textures. The group turned over £33m in 2017 and employs approximately 250 people, operating across ten production sites. Edenhall is now part of the Marshalls Group of businesses and for the foreseeable future will continue to run as a stand-alone business, trading as Edenhall (a Marshalls Company).
The acquisition is in line with Marshalls’ stated strategy of expanding into adjacent building products relating to new build housing.
Commenting on the transaction, 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.”
Andrew Cotton, Edenhall MD, commented that the joining of two great companies will add real value to our customers and accelerate the growth of Edenhall.