Polypipe Group completed the acquisition of ADEY from LDC for £210m.

Polypipe Group, a provider of sustainable water and climate management solutions, completed the acquisition of ADEY, a provider of magnetic filters, chemicals and related products, from private equity firm LDC for £210m ($289m). "We are delighted to announce the acquisition of ADEY. Polypipe's strategy is to grow both organically and through carefully selected value-enhancing acquisitions, with a particular focus on sustainability and sectors within climate and water management. ADEY is a pioneer and market leader in the residential heating protection market, one of the fastest growing segments of the UK construction market, underpinned by a shift towards more energy-efficient heating systems and regulatory tailwinds. Like Polypipe, it has a strong track record of innovation and new product development, with the Acquisition strengthening the proposition for our customers and accelerating Polypipe's growth," Martin Payne, Polypipe CEO.