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Marley has sold its waterproofing business to a new company called The Waterproofing Group for undisclosed terms.

Marley, the building materials company, has accepted a £365m takeover offer from Etex of Belgium, having turned down an approach from the John Mansfield timber company.

Marley has sold its Improdex business in Australia to Australian Vinyl Corporation for £3.6m.

Marley has sold its 50% stake in Davidson Marley, the Dutch maker of automotive instrument panels, to Davidsons Overseas Investment for £28m.

Marley is buying Pacific Dunlop's Australian and New Zealand plastics business for £21.6m.