Polypipe Group to acquire Nu-Heat for £27m.

Polypipe Group, a manufacturer of plastic piping systems, agreed to acquire Nu-Heat, a supplier of sustainable underfloor heating solutions, air and ground source heat pumps, and other renewable heating systems, for £27m. "I am delighted to announce the acquisition of Nu-Heat, which aligns with our key growth drivers, including our focus on low carbon heating and solutions for the environmental challenges facing the built environment. This acquisition will enable us to further develop our underfloor heating capabilities, and to develop new and exciting ways to integrate underfloor heating, heat pumps, and air-based climate management systems. The Nu-Heat team have fantastic technical and application knowledge, and I would like to welcome them to the Polypipe Group," Martin Payne, Polypipe CEO.