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

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

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

Image

Green trend boosts plastic building materials business in China

August 29, 2014 9:42 am ET

The greening of China's domestic building materials market is giving the plastics industry a boost.    More

Polish injection molder Teknorubber up for sale

August 29, 2014 9:14 am ET

Polish plastic parts maker Teknorubber has been put up for sale following its insolvency filing in March 2014. The company is to be auctioned through ...    More

Image

Obituary: Frank Nissel, Welex Inc. co-founder

August 28, 2014 1:01 pm ET

Friends, family and business acquaintances will remember Nissel as an urbane, outgoing machinery executive, an expert on extrusion, a globalist who...    More

Image

Truce? ACC, US Green Building Council agree to work together on LEED

August 28, 2014 12:08 pm ET

The American Chemistry Council (ACC) and the U.S. Green Building Council (USGBC) announced Aug. 27 that they will be working together on a new initiat...    More

Market Reports

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

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

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

More Events