Genuit

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Genuit Group
LSE: GEN
IndustryPiping systems manufacture
Founded1980
Headquarters
Broomhouse Lane, Edlington, Doncaster, DN12 1ES
,
England, UK
Number of locations
18 sites
Area served
UK, Mainland Europe and Middle East
Key people
Ron Marsh (Chairman)
Martin Payne (CEO)
Paul James (CFO)
ProductsWater and air management systems
RevenueDecrease £398.6 million (2020)[1]
Decrease £42.2 million (2020)[1]
Decrease £18.5 million (2020)[1]
Number of employees
3,139 (2021)[2]
Websitewww.genuitgroup.com

Genuit Group, formerly Polypipe, is a manufacturer of plastic piping systems, for use in the residential, commercial, civils and infrastructure sectors. The piping systems are used for a variety of applications including drainage, plumbing, water supply, water management, cable management, heating and ventilation. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[]

The company was established as Polypipe by Kevin McDonald (a former plumber) and Geoff Harrison in 1980.[3] In October 1995 the company bought Sud Ouest Plastiques (of France) for £2.1m,[4] in January 1997 it bought TDI for £3.1m[5] and in November 1997 it bought Gabo Systemtechnik for £6m.[6] Then in July 1998 the company bought Domus Ducting (renamed Polypipe Ventilation) for £4.7m[7] and in January 1999 it bought Pagette Sanitar Produktions (of Germany) for £9m.[8]

In March 1999 the company was bought by IMI for £337m; Kevin MacDonald made £56m from this deal and Geoffrey Harrison made £12.5m.[3] IMI sold Polypipe to Castle Harlan (of the United States), a private equity company, for £293m in September 2005.[9] In May 2007 it bought Terrain, a PVC piping business in Aylesford in Kent.[10] Then in August 2007, a management buyout took control of the company from the private equity company, in a deal funded by Bank of Scotland Integrated Finance.[3] In February 2010 the company bought Silavent, a ventilation manufacturer.[11]

In April 2014, Polypipe was the subject of an initial public offering on the London Stock Exchange.[12] Then in November 2014, Polypipe acquired the Ferrob Ventilation business.[13] In February 2015, Polypipe acquired Surestop, a business producing an alternative product to the brass stopcock,[14] and in August 2015 Polypipe acquired Nuaire, a ventilation systems manufacturer.[15]

It was announced in May 2017 that Martin Payne will succeed David Hall as the CEO following his retirement.[16][17]

The company changed its name from Polypipe to Genuit Group in March 2021.[18]

Operations[]

The head office is in Edlington, Doncaster, UK. Its businesses are located as follows:[19]

  • Polypipe Building Products - based in Doncaster and Glasgow
  • Polypipe Civils and Green Urbanisation - based in Loughborough and Horncastle
  • Polypipe Building Services - based in Aylesford, Kent
  • Polypipe Ventilation - based in Caerphilly
  • Robimatic - based in Kirk Sandall
  • Polypipe Italy – based in Monleone di Cicagna, Genova, Italy
  • Alderburgh – based in Rochdale
  • Polypipe Middle East - based in Dubai, United Arab Emirates, with offices also in Doha, Qatar
  • Surestop - based in Birmingham
  • Manthorpe Building Products - based in Ripley, Derbyshire

See also[]

References[]

  1. ^ a b c "Preliminary Results 2020" (PDF). Polypipe. Retrieved 16 March 2021.
  2. ^ "About us". Polypipe. Retrieved 2 March 2021.
  3. ^ a b c "Polypipe purchase sees HBOS continue its private equity-style spending spree". The Telegraph. 14 August 2007. Retrieved 26 January 2016.
  4. ^ "Polypipe has acquired Sud Ouest Plastiques, French maker of plastic conduits, for £2.1m". UK Business Park. October 1995. Retrieved 26 January 2016.
  5. ^ "Polypipe plc to buy Great Britain's TDI". Archived from the original on 5 February 2016. Retrieved 26 January 2016.
  6. ^ "Polypipe buys pipe maker Gabo". Plastics News. Retrieved 26 January 2016.
  7. ^ "Polypipe has cash to carry on buying". Retrieved 26 January 2016.
  8. ^ "Pipe firm splashes out to buy toilet seat maker". Retrieved 26 January 2016.
  9. ^ "Castle Harlan buys plastic pipe systems supplier Polypipe Group in £293m deal - AltAssets Private Equity News". Retrieved 26 January 2016.
  10. ^ "Polypipe acquires Terrain Drainage". Building. Retrieved 26 January 2016.
  11. ^ "Polypipe buys Silavent". Retrieved 26 January 2016.
  12. ^ Guy Bentley (11 April 2014). "Polypipe latest to join UK IPOs". Retrieved 26 January 2016.
  13. ^ "Polypipe acquires Ferrob ventilation business". Retrieved 26 January 2016.
  14. ^ "Bracebridge CF Advises on Sale of Surestop to Polypipe Group". Bracebridge. Retrieved 26 January 2016.
  15. ^ "Polypipe acquires Nuaire for £145m". Retrieved 26 January 2016.
  16. ^ "Polypipe picks new CEO". www.theconstructionindex.co.uk. Retrieved 2018-10-29.
  17. ^ "Board of Directors - Polypipe Group plc". investors.polypipe.com. Retrieved 2018-10-29.
  18. ^ "Polypipe hikes dividend citing second-half recovery; to change name to Genuit". Stockmarket Wire. 16 March 2021. Retrieved 29 April 2021.
  19. ^ "Group Home - Polypipe". Retrieved 26 January 2016.

External links[]

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