Polypipe

Genuit

Genuit

UK manufacturer of plastic piping systems

Genuit Group plc, formerly Polypipe Group, 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.

Quick Facts Formerly, Traded as ...

History

The company was established as Polypipe by Kevin McDonald (a former plumber) and Geoff Harrison in 1980.[5] In October 1995 the company bought Sud Ouest Plastiques (of France) for £2.1m,[6] in January 1997 it bought TDI for £3.1m[7] and in November 1997 it bought Gabo Systemtechnik for £6m.[8] Then in July 1998 the company bought Domus Ducting (renamed Polypipe Ventilation) for £4.7m[9] and in January 1999 it bought Pagette Sanitar Produktions (of Germany) for £9m.[10]

In March 1999 the company was bought by IMI for £337m; Kevin MacDonald made £56m from this deal and Geoffrey Harrison made £12.5m.[5] IMI sold Polypipe to Castle Harlan (of the United States), a private equity company, for £293m in September 2005.[11] In May 2007 it bought Terrain, a PVC piping business in Aylesford in Kent.[12] 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.[5] In February 2010 the company bought Silavent, a ventilation manufacturer.[13]

In April 2014, Polypipe was the subject of an initial public offering on the London Stock Exchange.[14] Then in November 2014, Polypipe acquired the Ferrob Ventilation business.[15] In February 2015, Polypipe acquired Surestop, a business producing an alternative product to the brass stopcock,[16] and in August 2015 Polypipe acquired Nuaire, a ventilation systems manufacturer.[17]

It was announced in May 2017 that Martin Payne will succeed David Hall as the CEO following his retirement.[18][19]

The company changed its name from Polypipe to Genuit Group in March 2021.[20]

Operations

The head office is in Leeds,UK. Its businesses are located as follows:[21]

See also

References

  1. [1]
    "Genuit Group PLC overview - Find and update company information - GOV.UK". Companies House. 19 January 2007. Retrieved 4 September 2023.
  2. [2]
    "Privacy and Cookies Policy". Genuit Group. Retrieved 4 September 2023.
  3. [3]
    "Preliminary Results 2023" (PDF). Genuit. Retrieved 12 March 2024.
  4. [4]
    "Genuit". London Stock Exchange. Retrieved 16 February 2023.
  5. [5]
    "Polypipe purchase sees HBOS continue its private equity-style spending spree". The Telegraph. 14 August 2007. Retrieved 26 January 2016.
  6. [6]
    "Polypipe has acquired Sud Ouest Plastiques, French maker of plastic conduits, for £2.1m". UK Business Park. October 1995. Retrieved 26 January 2016.
  7. [7]
    "Polypipe plc to buy Great Britain's TDI". Archived from the original on 5 February 2016. Retrieved 26 January 2016.
  8. [8]
    "Polypipe buys pipe maker Gabo". Plastics News. Retrieved 26 January 2016.
  9. [9]
    "Polypipe has cash to carry on buying". Retrieved 26 January 2016.
  10. [10]
    "Pipe firm splashes out to buy toilet seat maker". Retrieved 26 January 2016.
  11. [11]
    "Castle Harlan buys plastic pipe systems supplier Polypipe Group in £293m deal - AltAssets Private Equity News". 30 November 2001. Retrieved 26 January 2016.
  12. [12]
    "Polypipe acquires Terrain Drainage". Building. Retrieved 26 January 2016.
  13. [13]
    "Polypipe buys Silavent". Retrieved 26 January 2016.
  14. [14]
    Guy Bentley (11 April 2014). "Polypipe latest to join UK IPOs". Retrieved 26 January 2016.
  15. [15]
    "Polypipe acquires Ferrob ventilation business". 17 February 2015. Retrieved 26 January 2016.
  16. [16]
    "Bracebridge CF Advises on Sale of Surestop to Polypipe Group". Bracebridge. 26 March 2015. Retrieved 26 January 2016.
  17. [17]
    "Polypipe acquires Nuaire for £145m". Retrieved 26 January 2016.
  18. [18]
    "Polypipe picks new CEO". www.theconstructionindex.co.uk. Retrieved 29 October 2018.
  19. [19]
    "Board of Directors - Polypipe Group plc". investors.polypipe.com. Retrieved 29 October 2018.
  20. [20]
    "Polypipe hikes dividend citing second-half recovery; to change name to Genuit". Stockmarket Wire. 16 March 2021. Retrieved 29 April 2021.
  21. [21]
    "Group Home - Polypipe". Retrieved 26 January 2016.
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