Russia's Polyplastic acquires UK pipe firm Radius Systems

By Richard Higgs
EUROPEAN PLASTICS NEWS

Published: March 11, 2013 1:32 pm ET
Updated: March 11, 2013 1:34 pm ET

Related to this story

Topics Mergers & Acquisitions, Construction, Extrusion, Pipe/Profile/Tubing

MOSCOW — Leading Russian pipe and composites producer Polyplastic Group is making its first acquisition in the European Union with the takeover of British pipeline specialist Radius Systems Ltd.

Under an agreement signed by the parties at the end of February, Moscow-based Polyplastic is buying plastics pipe and fittings supplier Radius of Alfreton, England, and its subsidiaries for an undisclosed sum.

Radius Systems, formed in 2008 through a buy-out of the UK and Ireland infrastructure pipe operations of the Finnish group Uponor Oy, employs 370 at facilities in Alfreton and in Lurgan and Banbridge, Northern Ireland. In 2012, the company generated net annual sales of 100 million euros.

The takeover includes Radius's telecommunications division and its pipeline field services offshoot Radius Plus. The UK group will continue to trade under its established Radius brands, according to Polyplastic.

"The acquisition brings complementary technologies and innovation and reciprocal access to new markets. The strengthened group will benefit from the scale generated by the acquisition thereby creating a solid foundation for future growth," commented the Russian group's CEO Miron Gorilovsky.

The takeover means Radius can "capitalize on being part of a substantial international group", according to the UK firm's chief executive Andy Taylor. "The completion of this acquisition ... should be welcome reassurance for both our loyal employees and those suppliers who have supported the business through a tough two year period," he added.

Polyplastic, formed in 1991, operates 12 plastics processing plants in Russia and Belarus, the Ukraine and Kazakhstan. It manufactures more than 290,000 metric tons per year of composite materials, polyethylene pipe and fittings. Its composite capacity is concentrated at three Russian sites of Saratov, Togliatti and Moscow.


Comments

Russia's Polyplastic acquires UK pipe firm Radius Systems

By Richard Higgs
EUROPEAN PLASTICS NEWS

Published: March 11, 2013 1:32 pm ET
Updated: March 11, 2013 1:34 pm ET

Post Your Comments


Back to story


More stories

Image

Here's a peek behind our 2014 film & sheet ranking

September 15, 2014 1:22 pm ET

Today Plastics News publishes its annual ranking of North American Film and Sheet Manufacturers. Let's look at some interesting numbers behind the...    More

Image

ZF finalizes deal to buy TRW, creating another global auto supply giant

September 15, 2014 1:09 pm ET

TRW Automotive Holdings, in a supply chain megadeal that has been in the works since mid-July, said Sept. 15 it has agreed to be acquired by German...    More

Image

Germany's Lehmann & Voss buys U.S.-based Performance Compounding

September 12, 2014 11:36 am ET

German compounding firm Lehmann & Voss & Co. KG has acquired Performance Compounding LLC for an undisclosed price.    More

Image

Zotefoams expanding US production

September 12, 2014 10:50 am ET

Zotefoams plc, a British maker of specialty foams, has placed nearly 4 million shares on the market order to raise 8.4 million pounds ($13.6 million) ...    More

Image

ATS goes global with acquisition of M+W Process Automation

September 10, 2014 2:49 pm ET

ATS Automation Tooling Systems Inc., a maker of factory automation systems in Cambridge, Ontario, has agreed to buy a German company M+W Process Autom...    More

Market Reports

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events