Polypipe

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Polypipe
Traded asLSEPLP
IndustryPiping systems manufacture
Founded1980
Headquarters
Broomhouse Lane, Edlington, Doncaster, DN12 1ES
,
England, UK
Number of locations
16 sites
Area served
UK, Mainland Europe and Middle East
Key people
Ron Marsh (Chairman)
Martin Payne (CEO)
ProductsPlastic flexible pipes, ventilation equipment and systems
Revenue£433.2 million (2018)[1]
£74.0 million (2018)[1]
£49.1 million (2018)[1]
Websitewww.polypipe.com

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[edit]

The company was established by Kevin McDonald (a former plumber) and Geoff Harrison in 1980.[2] In October 1995 the company bought Sud Ouest Plastiques (of France) for £2.1m,[3] in January 1997 it bought TDI for £3.1m[4] and in November 1997 it bought Gabo Systemtechnik for £6m.[5] Then in July 1998 the company bought Domus Ducting (renamed Polypipe Ventilation) for £4.7m[6] and in January 1999 it bought Pagette Sanitar Produktions (of Germany) for £9m.[7]

In March 1999 the company was bought by IMI for £337m; Kevin MacDonald made £56m from this deal and Geoffrey Harrison made £12.5m.[2] IMI sold Polypipe to Castle Harlan (of the USA), a private equity company, for £293m in September 2005.[8] In May 2007 it bought Terrain, a PVC piping business in Aylesford in Kent.[9] 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.[2] In February 2010 the company bought Silavent, a ventilation manufacturer.[10]

In April 2014, Polypipe was the subject of an initial public offering on the London Stock Exchange.[11] Then in November 2014, Polypipe acquired the Ferrob Ventilation business.[12] In February 2015, Polypipe acquired Surestop, a business producing an alternative product to the brass stopcock,[13] and in August 2015 Polypipe acquired Nuaire, a ventilation systems manufacturer.[14]

It was announced in May 2017 that Martin Payne will succeed David Hall as the CEO following his retirement.[15][16]

Operations[edit]

The head office is in Edlington, Doncaster, UK. Its businesses are located as follows:[17]

See also[edit]

References[edit]

  1. ^ a b c "Preliminary Results 2018" (PDF). Polypipe. Retrieved 20 March 2019.
  2. ^ a b c "Polypipe purchase sees HBOS continue its private equity-style spending spree". The Telegraph. 14 August 2007. Retrieved 26 January 2016.
  3. ^ "Polypipe has acquired Sud Ouest Plastiques, French maker of plastic conduits, for £2.1m". UK Business Park. October 1995. Retrieved 26 January 2016.
  4. ^ "Polypipe plc to buy Great Britain's TDI". Retrieved 26 January 2016.
  5. ^ "Polypipe buys pipe maker Gabo". Plastics News. Retrieved 26 January 2016.
  6. ^ "Polypipe has cash to carry on buying". Retrieved 26 January 2016.
  7. ^ "Pipe firm splashes out to buy toilet seat maker". Retrieved 26 January 2016.
  8. ^ "Castle Harlan buys plastic pipe systems supplier Polypipe Group in £293m deal - AltAssets Private Equity News". Retrieved 26 January 2016.
  9. ^ "Polypipe acquires Terrain Drainage". Building. Retrieved 26 January 2016.
  10. ^ "Polypipe buys Silavent". Retrieved 26 January 2016.
  11. ^ Guy Bentley (11 April 2014). "Polypipe latest to join UK IPOs". Retrieved 26 January 2016.
  12. ^ "Polypipe acquires Ferrob ventilation business". Retrieved 26 January 2016.
  13. ^ "Bracebridge CF Advises on Sale of Surestop to Polypipe Group". Bracebridge. Retrieved 26 January 2016.
  14. ^ "Polypipe acquires Nuaire for £145m". Retrieved 26 January 2016.
  15. ^ "Polypipe picks new CEO". www.theconstructionindex.co.uk. Retrieved 2018-10-29.
  16. ^ "Board of Directors - Polypipe Group plc". investors.polypipe.com. Retrieved 2018-10-29.
  17. ^ "Group Home - Polypipe". Retrieved 26 January 2016.

External links[edit]