Inflexion Pvt. Equity Partners LLP is buying U.K.-based roofing specialist Marley Ltd. from Belgian building materials company Etex NV.
The private equity firm is making the investment out of its middle-market fund Inflexion Buyout Fund V. The deal is expected to close Aug. 31.
Marley makes concrete and clay tiles, related roofing accessories and other roofing system products for new build, repair, maintenance and improvement customers. The company has five manufacturing facilities and two distribution centers.
