Polypipe is to acquire the Terrain business from its parent company, Geberit of Switzerland in a move aimed at strengthening Polypipe’s position in the European plastic piping and sanitary systems market.
Terrain employs about 170 people, mainly at its UK manufacturing base in Aylesford, Kent and achieved £25 million in sales in 2006.
The Terrain business covers a broad portfolio of non-pressure piping systems and is the leading name in the UK for above ground drainage products in commercial applications.
An agreement between the two companies provides for separate exchange and completion dates to allow for the separation of the Geberit business from Terrain in the UK. The acquisition agreement has been approved by the Boards of Directors of both Polypipe and Geberit.
Made up of 24 principal brands across 14 companies, with over 2,700 employees across Europe and China, Polypipe manufactures a range of plastic piping and sanitary systems for the residential, commercial and infrastructure markets across Europe.
From its foundation in 1980 Polypipe has grown into a global organization with a turnover of more than £330m, producing some 20,000 products for water, air, energy and telecoms applications and over 350 million metres of pipe every year.