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.
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]
Operationsedit
The head office is in Leeds,UK. Its businesses are located as follows:[21]
^"Polypipe has cash to carry on buying". Retrieved 26 January 2016.
^"Pipe firm splashes out to buy toilet seat maker". Retrieved 26 January 2016.
^"Castle Harlan buys plastic pipe systems supplier Polypipe Group in £293m deal - AltAssets Private Equity News". 30 November 2001. Retrieved 26 January 2016.
^"Polypipe acquires Terrain Drainage". Building. Retrieved 26 January 2016.
^"Polypipe buys Silavent". Retrieved 26 January 2016.
^Guy Bentley (11 April 2014). "Polypipe latest to join UK IPOs". Retrieved 26 January 2016.
^"Polypipe acquires Ferrob ventilation business". 17 February 2015. Retrieved 26 January 2016.
^"Bracebridge CF Advises on Sale of Surestop to Polypipe Group". Bracebridge. 26 March 2015. Retrieved 26 January 2016.
^"Polypipe acquires Nuaire for £145m". Retrieved 26 January 2016.
^"Polypipe picks new CEO". www.theconstructionindex.co.uk. Retrieved 29 October 2018.
^"Board of Directors - Polypipe Group plc". investors.polypipe.com. Retrieved 29 October 2018.
^"Polypipe hikes dividend citing second-half recovery; to change name to Genuit". Stockmarket Wire. 16 March 2021. Retrieved 29 April 2021.
^"Group Home - Polypipe". Retrieved 26 January 2016.
External linksedit
Official site
January 01, 1970
genuit, group, formerly, polypipe, group, manufacturer, plastic, piping, systems, residential, commercial, civils, infrastructure, sectors, piping, systems, used, variety, applications, including, drainage, plumbing, water, supply, water, management, cable, ma. 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 Genuit Group plcFormerlyHamsard 3054 Limited 2007 2014 Polypipe Group Limited 21 28 Mar 2014 Polypipe Group plc 2014 2021 1 2 Traded asLSE GENFTSE 250 componentIndustryPiping systems manufactureFounded1980Headquarters4 Victoria Place Holbeck Leeds LS11 5AE England United KingdomNumber of locations18 sitesArea servedUnited KingdomMainland EuropeMiddle EastKey peopleKevin Boyd Chairman Joe Vorih CEO Tim Pullen CFO ProductsWater and air management systemsRevenue 586 5 million 2023 3 Operating income 94 1 million 2023 3 Net income 38 5 million 2023 3 Number of employees3 658 2023 4 Websitegenuitgroup wbr comFootnotes references 1 Contents 1 History 2 Operations 3 See also 4 References 5 External linksHistory editThe 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 editThe head office is in Leeds UK Its businesses are located as follows 21 Polypipe Building Products based in Doncaster Polypipe Civils and Green Urbanisation based in Loughborough and Horncastle Polypipe Building Services based in Aylesford Kent Polypipe Ventilation based in Caerphilly Robimatic based in Kirk Sandall Polypipe Italy based in Monleone di Cicagna Genova Italy Alderburgh based in Rochdale Polypipe Middle East based in Dubai United Arab Emirates with offices also in Doha Qatar Surestop based in Birmingham Manthorpe Building Products based in Ripley Derbyshire Nuaire Ventilation based in Caerphilly Nu heat based in Devon Domus Ventilation based in CaerphillySee also editWater Regulations Advisory Scheme British Board of AgrementReferences edit a b Genuit Group PLC overview Find and update company information GOV UK Companies House 19 January 2007 Retrieved 4 September 2023 Privacy and Cookies Policy Genuit Group Retrieved 4 September 2023 a b c Preliminary Results 2023 PDF Genuit Retrieved 12 March 2024 Genuit London Stock Exchange Retrieved 16 February 2023 a b c Polypipe purchase sees HBOS continue its private equity style spending spree The Telegraph 14 August 2007 Retrieved 26 January 2016 Polypipe has acquired Sud Ouest Plastiques French maker of plastic conduits for 2 1m UK Business Park October 1995 Retrieved 26 January 2016 Polypipe plc to buy Great Britain s TDI Archived from the original on 5 February 2016 Retrieved 26 January 2016 Polypipe buys pipe maker Gabo Plastics News Retrieved 26 January 2016 Polypipe has cash to carry on buying Retrieved 26 January 2016 Pipe firm splashes out to buy toilet seat maker Retrieved 26 January 2016 Castle Harlan buys plastic pipe systems supplier Polypipe Group in 293m deal AltAssets Private Equity News 30 November 2001 Retrieved 26 January 2016 Polypipe acquires Terrain Drainage Building Retrieved 26 January 2016 Polypipe buys Silavent Retrieved 26 January 2016 Guy Bentley 11 April 2014 Polypipe latest to join UK IPOs Retrieved 26 January 2016 Polypipe acquires Ferrob ventilation business 17 February 2015 Retrieved 26 January 2016 Bracebridge CF Advises on Sale of Surestop to Polypipe Group Bracebridge 26 March 2015 Retrieved 26 January 2016 Polypipe acquires Nuaire for 145m Retrieved 26 January 2016 Polypipe picks new CEO www theconstructionindex co uk Retrieved 29 October 2018 Board of Directors Polypipe Group plc investors polypipe com Retrieved 29 October 2018 Polypipe hikes dividend citing second half recovery to change name to Genuit Stockmarket Wire 16 March 2021 Retrieved 29 April 2021 Group Home Polypipe Retrieved 26 January 2016 External links editOfficial site Retrieved from https en wikipedia org w index php title Genuit amp oldid 1213350939, wikipedia, wiki, book, books, library,
