The highly complementary £14m acquisition of Alderburgh expands Polypipe’s stormwater management portfolio offering, adding design and installation capabilities also. The earnings impact is modest but this serves as a further strengthening of Polypipe’s market position in the relatively robust infrastructure segment. Once wider UK economic uncertainties clear, we expect increased support for Polypipe’s share price.
10 Oct 2019
Polypipe - Clear fit from bolt-on deal
Polypipe - Clear fit from bolt-on deal
Genuit Group PLC (GEN:LON) | 440 -13.2 (-0.7%) | Mkt Cap: 1,097m
- Published:
10 Oct 2019 -
Author:
Toby Thorrington -
Pages:
3
The highly complementary £14m acquisition of Alderburgh expands Polypipe’s stormwater management portfolio offering, adding design and installation capabilities also. The earnings impact is modest but this serves as a further strengthening of Polypipe’s market position in the relatively robust infrastructure segment. Once wider UK economic uncertainties clear, we expect increased support for Polypipe’s share price.