Acquisition

Marshalls PLC 18 June 2001 Marshalls Acquires Stancliffe Stone Co. Limited Marshalls Plc the specialist Concrete, Stone and Clay Landscape Products Group announces the acquisition of the entire share capital of Stancliffe Stone Co. Limited ('Stancliffe') a Natural Stone, Walling and Paving business for a total consideration of £10m payable in cash and loan notes. In the financial year ended 31st August 2000 Stancliffe had sales of £5.9m and profit before tax of £1.3m. Net assets employed were £4.1m. Stancliffe will form part of Marshalls Natural Stone operation within the Emerging Businesses Division. It has good stone reserves and a strong market position in stone walling. This will complement Marshalls traditional strength in stone paving. Christopher Burnett, Marshalls Chairman, said: 'Stancliffe is a well managed high quality natural stone business with a good cultural and operational fit with Marshalls. This transaction is illustrative of our declared strategy to build the individual business units in the Emerging Businesses Division, through acquisition and organic growth, into divisions in their own right'. Enquiries: Christopher Burnett, Chairman Marshalls Plc 01422 306400 Jon Coles/William Cullum, Brunswick Group 020 7404 5959

Companies

Marshalls (MSLH)
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