Genuit
 | |
| LSE: PLP | |
| Industry | Piping systems manufacture |
| Founded | 1980 |
| Headquarters | Broomhouse Lane, Edlington, Doncaster, DN12 1ES , England, UK |
Number of locations | 18 sites |
Area served | UK, Mainland Europe and Middle East |
Key people | Ron Marsh (Chairman) Martin Payne (CEO) Paul James (CFO) |
| Products | Water and air management systems |
| Revenue | £447.6 million (2019)[1] |
| £78.1 million (2019)[1] | |
| £49.6 million (2019)[1] | |
| Total assets | £690.6 million (2019)[1] |
| Total equity | £361.4 million (2019)[1] |
Number of employees | 3,064 (2020)[2] |
| Website | www |
Polypipe is a manufacturer of plastic piping systems, for use in the residential, commercial, civils and infrastructure sectors. The piping systems are used for a variety of applications including drainage, plumbing, water supply, water management, cable management, heating and ventilation. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The company was established by Kevin McDonald (a former plumber) and Geoff Harrison in 1980.[3] In October 1995 the company bought Sud Ouest Plastiques (of France) for £2.1m,[4] in January 1997 it bought TDI for £3.1m[5] and in November 1997 it bought Gabo Systemtechnik for £6m.[6] Then in July 1998 the company bought Domus Ducting (renamed Polypipe Ventilation) for £4.7m[7] and in January 1999 it bought Pagette Sanitar Produktions (of Germany) for £9m.[8]
In March 1999 the company was bought by IMI for £337m; Kevin MacDonald made £56m from this deal and Geoffrey Harrison made £12.5m.[3] IMI sold Polypipe to Castle Harlan (of the United States), a private equity company, for £293m in September 2005.[9] In May 2007 it bought Terrain, a PVC piping business in Aylesford in Kent.[10] Then in August 2007, a management buyout took control of the company from the private equity company, in a deal funded by Bank of Scotland Integrated Finance.[3] In February 2010 the company bought Silavent, a ventilation manufacturer.[11]
In April 2014, Polypipe was the subject of an initial public offering on the London Stock Exchange.[12] Then in November 2014, Polypipe acquired the Ferrob Ventilation business.[13] In February 2015, Polypipe acquired Surestop, a business producing an alternative product to the brass stopcock,[14] and in August 2015 Polypipe acquired Nuaire, a ventilation systems manufacturer.[15]
It was announced in May 2017 that Martin Payne will succeed David Hall as the CEO following his retirement.[16][17]
Operations
The head office is in Edlington, Doncaster, UK. Its businesses are located as follows:[18]
- Polypipe Building Products - based in Doncaster and Glasgow
- Polypipe Civils and Green Urbanisation - based in Loughborough and Horncastle
- Polypipe Building Services - based in Aylesford, Kent
- Polypipe Ventilation - based in Caerphilly
- Robimatic - based in Kirk Sandall
- Polypipe Italy – based in Monleone di Cicagna, Genova, Italy
- Alderburgh – based in Rochdale
- Polypipe Middle East - based in Dubai, United Arab Emirates, with offices also in Doha, Qatar
- Surestop - based in Birmingham
- Manthorpe Building Products - based in Ripley, Derbyshire
See also
References
- ^ a b c d e "Preliminary Results 2019" (PDF). Polypipe. Retrieved 17 March 2020.
- ^ "About us". Polypipe. Retrieved 13 February 2020.
- ^ a b c "Polypipe purchase sees HBOS continue its private equity-style spending spree". The Telegraph. 14 August 2007. Retrieved 26 January 2016.
- ^ "Polypipe has acquired Sud Ouest Plastiques, French maker of plastic conduits, for £2.1m". UK Business Park. October 1995. Retrieved 26 January 2016.
- ^ "Polypipe plc to buy Great Britain's TDI". Retrieved 26 January 2016.
- ^ "Polypipe buys pipe maker Gabo". Plastics News. Retrieved 26 January 2016.
- ^ "Polypipe has cash to carry on buying". Retrieved 26 January 2016.
- ^ "Pipe firm splashes out to buy toilet seat maker". Retrieved 26 January 2016.
- ^ "Castle Harlan buys plastic pipe systems supplier Polypipe Group in £293m deal - AltAssets Private Equity News". Retrieved 26 January 2016.
- ^ "Polypipe acquires Terrain Drainage". Building. Retrieved 26 January 2016.
- ^ "Polypipe buys Silavent". Retrieved 26 January 2016.
- ^ Guy Bentley (11 April 2014). "Polypipe latest to join UK IPOs". Retrieved 26 January 2016.
- ^ "Polypipe acquires Ferrob ventilation business". Retrieved 26 January 2016.
- ^ "Bracebridge CF Advises on Sale of Surestop to Polypipe Group". Bracebridge. Retrieved 26 January 2016.
- ^ "Polypipe acquires Nuaire for £145m". Retrieved 26 January 2016.
- ^ "Polypipe picks new CEO". www.theconstructionindex.co.uk. Retrieved 2018-10-29.
- ^ "Board of Directors - Polypipe Group plc". investors.polypipe.com. Retrieved 2018-10-29.
- ^ "Group Home - Polypipe". Retrieved 26 January 2016.