Genuit

Last updated

Genuit Group plc
Formerly
  • Hamsard 3054 Limited (2007–2014)
  • Polypipe Group Limited (21–28 Mar 2014)
  • Polypipe Group plc (2014–2021) [1] [2]
Industry Piping systems manufacture
Founded1980
Headquarters
4 Victoria Place, Holbeck, Leeds, LS11 5AE
,
England, United Kingdom
Number of locations
18 sites
Area served
  • United Kingdom
  • Mainland Europe
  • Middle East
Key people
ProductsWater and air management systems
RevenueDecrease2.svg £586.5 million (2023) [3]
Decrease2.svg £94.1 million (2023) [3]
Increase2.svg £38.5 million (2023) [3]
Number of employees
3,658 (2023) [4]
Website genuitgroup.com
Footnotes /references
[1]

Genuit Group plc, formerly Polypipe Group, 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.

Contents

History

The company was established as Polypipe by Kevin McDonald (a former plumber) and Geoff Harrison in 1980. [5] In October 1995 the company bought Sud Ouest Plastiques (of France) for £2.1m, [6] in January 1997 it bought TDI for £3.1m [7] and in November 1997 it bought Gabo Systemtechnik for £6m. [8] Then in July 1998 the company bought Domus Ducting (renamed Polypipe Ventilation) for £4.7m [9] and in January 1999 it bought Pagette Sanitar Produktions (of Germany) for £9m. [10]

In March 1999 the company was bought by IMI for £337m; Kevin MacDonald made £56m from this deal and Geoffrey Harrison made £12.5m. [5] IMI sold Polypipe to Castle Harlan (of the United States), a private equity company, for £293m in September 2005. [11] In May 2007 it bought Terrain, a PVC piping business in Aylesford in Kent. [12] 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. [5] In February 2010 the company bought Silavent, a ventilation manufacturer. [13]

In April 2014, Polypipe was the subject of an initial public offering on the London Stock Exchange. [14] Then in November 2014, Polypipe acquired the Ferrob Ventilation business. [15] In February 2015, Polypipe acquired Surestop, a business producing an alternative product to the brass stopcock, [16] and in August 2015 Polypipe acquired Nuaire, a ventilation systems manufacturer. [17]

It was announced in May 2017 that Martin Payne will succeed David Hall as the CEO following his retirement. [18] [19]

The company changed its name from Polypipe to Genuit Group in March 2021. [20]

Operations

The head office is in Leeds,UK. Its businesses are located as follows: [21]

See also

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References

  1. 1 2 "Genuit Group PLC overview - Find and update company information - GOV.UK". Companies House . 19 January 2007. Retrieved 4 September 2023.
  2. ↑ "Privacy and Cookies Policy". Genuit Group. Retrieved 4 September 2023.
  3. 1 2 3 "Preliminary Results 2023" (PDF). Genuit. Retrieved 12 March 2024.
  4. ↑ "Genuit". London Stock Exchange. Retrieved 16 February 2023.
  5. 1 2 3 "Polypipe purchase sees HBOS continue its private equity-style spending spree". The Telegraph. 14 August 2007. Retrieved 26 January 2016.
  6. ↑ "Polypipe has acquired Sud Ouest Plastiques, French maker of plastic conduits, for £2.1m". UK Business Park. October 1995. Retrieved 26 January 2016.
  7. ↑ "Polypipe plc to buy Great Britain's TDI". Archived from the original on 5 February 2016. Retrieved 26 January 2016.
  8. ↑ "Polypipe buys pipe maker Gabo". Plastics News. Retrieved 26 January 2016.
  9. ↑ "Polypipe has cash to carry on buying" . Retrieved 26 January 2016.
  10. ↑ "Pipe firm splashes out to buy toilet seat maker" . Retrieved 26 January 2016.
  11. ↑ "Castle Harlan buys plastic pipe systems supplier Polypipe Group in £293m deal - AltAssets Private Equity News". 30 November 2001. Retrieved 26 January 2016.
  12. ↑ "Polypipe acquires Terrain Drainage". Building. Retrieved 26 January 2016.
  13. ↑ "Polypipe buys Silavent" . Retrieved 26 January 2016.
  14. ↑ Guy Bentley (11 April 2014). "Polypipe latest to join UK IPOs" . Retrieved 26 January 2016.
  15. ↑ "Polypipe acquires Ferrob ventilation business". 17 February 2015. Retrieved 26 January 2016.
  16. ↑ "Bracebridge CF Advises on Sale of Surestop to Polypipe Group". Bracebridge. 26 March 2015. Retrieved 26 January 2016.
  17. ↑ "Polypipe acquires Nuaire for £145m" . Retrieved 26 January 2016.
  18. ↑ "Polypipe picks new CEO". www.theconstructionindex.co.uk. Retrieved 29 October 2018.
  19. ↑ "Board of Directors - Polypipe Group plc". investors.polypipe.com. Retrieved 29 October 2018.
  20. ↑ "Polypipe hikes dividend citing second-half recovery; to change name to Genuit". Stockmarket Wire. 16 March 2021. Retrieved 29 April 2021.
  21. ↑ "Group Home - Polypipe" . Retrieved 26 January 2016.
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