Polypipe Group plc acquired Manthorpe Building Products Holdings Limited for a total cash consideration of £52 million

Polypipe Group plc, a leading manufacturer of plastic piping and ventilation systems for the residential, commercial, civils and infrastructure sectors, announced the acquisition of Manthorpe Building Products Holdings Limited, a leading designer and manufacturer of moulded and extruded plastic and metal products to the UK and Irish residential and RMI markets, together with associated freehold land and buildings, for a total cash consideration of £52 million on a cash and debt free, normalised working capital basis. The acquisition is in line with Polypipe's strategy of broadening its market reach in water and climate management solutions, providing a "one stop shop" for our customers, and exploiting the key growth drivers of legislative tailwinds and legacy material substitution.