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Polypipe acquires ventilation business rival Silavent

It was announced on Wednesday that Polypipe has acquired the goodwill and assets of the Silavent group. This move will strengthen Polypipe's position in the UK ventilation systems market in which it already has a significant presence in the form of Polypipe Ventilation and its leading Domus product range.

The Silavent brand is a good match for Polypipe's portfolio as it has a well- deserved reputation for providing excellent quality products and high levels of technical support in the developing UK ventilation market.

"This acquisition significantly widens Polypipe's offering in the ventilation market alongside our Domus brand and develops new business channels," ," commented David Hall, CEO of Polypipe. "Silavent is a well established and well regarded brand and we feel that under Polypipe's ownership we can grow the business over the coming years.

"This acquisition provides us with an opportunity to build upon the brand and ensures that the well established customer base will continue to have access to Silavent products and expertise.

"The changing sustainability agenda and consequent changes to Building Regulations is putting greater and greater emphasis on the need to provide cost effective, sustainable ventilation solutions and transforming the way developers and specifiers achieve these requirements. Polypipe intends to be at the centre of this trend, providing differentiated solutions both in the private and social housing sectors to achieve these emerging environmental standards."

The Silavent sales team's extensive knowledge of the product range and customer base will continue to be key in moving the brand forward. The combination of Polypipe's existing ventilation activities under the Domus brand offered by Polypipe Ventilation and now Silavent brings under common ownership some of the industry's strongest ventilation brands.
The move also accelerates Polypipe's strategic initiative to advance its presence in the ventilation market.

Made up of 28 principal brands across 10 companies, with over 1,900 employees across Europe and the Middle East, Polypipe manufactures a comprehensive range of plastic piping systems for the residential, commercial and infrastructure markets across Europe. From its foundation in 1980 Polypipe has grown into a global organisation, producing some 15,000 products for water, air, energy and telecoms applications.

World class manufacturing facilities coupled with a self managed and owned fleet of delivery vehicles has allowed Polypipe to achieve sustainable growth ahead of the market year on year. This acquisition will add another leading brand and product range to Polypipe's proposition to the market.

www.polypipe.com

19th February 2010




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