Listed manufacturer announces multi-million-pound acquisition

Doncaster-based Polypipe, a manufacturer of plastic piping and ventilation systems, has acquired a surface water management firm for up to £16.5m.

The listed firm has snapped up Warrington-based Permavoid, a specialist designer and supplier of surface water management solutions in commercial, residential and sports pitch applications.

The acquisition is based upon an initial cash consideration of £4m on a debt and cash free, normalised working capital basis. There will then be a f... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...