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

RJG buys UK training group G&A

September 30, 2014 11:10 am ET

G&A Moulding Technology Ltd., a United Kingdom-based training and consultancy group, has been bought by RJG Inc., the U.S.-based training business.    More

Image

EEOC suing movable wall maker Hufcor

September 29, 2014 3:09 pm ET

Movable wall and partition maker Hufcor Inc. is facing a federal lawsuit from the U.S. Equal Employment Opportunity Commission after violating...    More

Image

Clariant extends reach into Asia with acquisition

September 29, 2014 9:54 am ET

Clariant International Ltd. is buying VitaPac (HK) Industrial Ltd., a Hong Kong-based company which produces desiccant packets for the healthcare...    More

Image

Nypro Healthcare continues to grow following Jabil acquisition

September 26, 2014 1:59 pm ET

Nypro Healthcare's newest medical device manufacturing facility offers 200,000 square feet of carefully configured Class 8 clean room molding and...    More

Image

England's Essentra buying Abric Berhad

September 26, 2014 11:31 am ET

Packaging firm Essentra plc has announced the planned acquisition of Abric Berhad, a Kuala Lumpur-based manufacturer of security sealing products.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events