Monier Roof Tile Buys Competitor’s California Assets
ORANGE — Monier Roof Tile in Orange, which bills itself as the world’s largest maker of roofing tile, has acquired the California assets of one of its largest competitors for $11 million.
Monier has purchased two Marley Roof Tile plants in California. One plant, in the Northern California town of Hollister, will be closed. A second plant, in San Bernardino, is being retooled to manufacture a wood shingle replacement called Premium Duralite.
“Our compelling interest in acquiring Marley’s assets was our expansion into the tile re-roofing market,†Monier President Dick Lyons said.
Both companies are subsidiaries of British concerns. Monier is part of Redland PLC, while Marley is part of Marley PLC.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
