{"id":48297,"date":"2018-10-25T09:58:30","date_gmt":"2018-10-25T08:58:30","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=48297"},"modified":"2018-10-25T09:59:41","modified_gmt":"2018-10-25T08:59:41","slug":"polypipe-acquires-manthorpe-building-products","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/polypipe-acquires-manthorpe-building-products\/48297\/","title":{"rendered":"Polypipe acquires Manthorpe Building Products for \u00a352m"},"content":{"rendered":"

Polypipe has agreed to pay \u00a352m for the acquisition\u00a0of Manthorpe Building Products, which specialises in the manufacturing of moulded and extruded plastic and metal building products<\/h2>\n

Polypipe is paying Manthorpe Building Products owners Paul and Carol Pochciol \u00a352m for their business, together with associated freehold land and buildings, on a cash and debt free basis.<\/p>\n

Based in Derbyshire, Manthorpe\u2019s product range includes dry fix roofing, ducting, cavity trays, loft doors, ventilation panels and plastic airbricks. It made a pre-tax profit of \u00a34.9m in fiscal 2017 on turnover of \u00a315.8m and has 100 employees.<\/p>\n

Polypipe<\/a>, which listed on the London Stock Exchange in 2014, said that the acquisition would add to its UK residential offering in the water and climate management sectors \u201cwith differentiated, patented value-adding products\u201d.<\/p>\n

Polypipe chief executive Martin Payne said: “The acquisition of Manthorpe Building Products is a perfect fit for us, expanding our product platform and market reach in the UK and Irish residential and RMI markets, which, like other parts of our business, are being positively impacted by legislative change.<\/p>\n

\u201cManthorpe will be integrated into Polypipe’s Residential<\/a> Systems segment, where we will leverage the capabilities and synergies of the combined group to drive growth. We are delighted to welcome Manthorpe’s management and employees to Polypipe and look forward to accelerating the strategic development of the enlarged group.”<\/p>\n

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Polypipe has agreed to pay \u00a352m for the acquisition of Manthorpe Building Products, which specialises in the manufacturing of moulded and extruded plastic and metal building products<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[676,583,661,801],"stakeholder_rel_tag":[172500],"contributor_rel_tag":[],"class_list":{"0":"post-48297","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-construction","8":"tag-construction-products","9":"tag-hr","10":"tag-sh-polypipe","11":"stakeholder_rel_tag-polypipe"},"acf":[],"yoast_head":"\nPolypipe acquires Manthorpe Building Products for 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