0370 270 6000

Browne Jacobson advises on £52m sale of Manthorpe Building Products Holdings Ltd to Polypipe Group

8 November 2018

Browne Jacobson has advised the shareholders on the sale of Manthorpe Building Products Holdings Limited to Polypipe Group plc for £52m on a cash-free, debt-free basis.

The deal will see the transfer of the entire issued share capital of Manthorpe to Polypipe as well as a number of associated freehold land and building assets.

The acquisition is consistent with Polypipe’s growth strategy of broadening its market reach in high growth products, in particular the water and climate management sectors.

Corporate finance partner Gavin Cummings led the Browne Jacobson team which also comprised Ryan Brown and Sian Harrison (corporate finance) and Robert Wofinden and Georgina Euden (property).

Founded in 1986, Derbyshire’s Manthorpe Building Products Limited designs and manufactures moulded and extruded plastic and metal products for the UK and Irish residential and repair, maintenance and improvements markets. It currently has around 100 employees at its site in Ripley.

Doncaster based, FTSE 250 Polypipe Group is a market leading manufacturer of plastic piping products and ventilation systems for the residential, commercial, civils and infrastructure sectors globally.

Gavin Cummings, corporate finance partner at Browne Jacobson, said:

“We are delighted to have secured an exciting future for Manthorpe. This strong fit between two profitable, successful and dynamic businesses with high growth potential reflects the significant upsurge in M&A activity taking place in the building products and services sector in the UK.”

Focus on...

Press releases

Brace of awards for Browne Jacobson at Insider East Midlands Dealmakers Awards 2022

Browne Jacobson’s corporate finance team is celebrating after winning the prestigious “Corporate Law Firm of the Year’ award at this year’s East Midlands Dealmakers Awards.

View

Blogs

Vaccinations in the Workplace: a higher expectation than one may think

There is currently no legislation requiring employees within the UK to have the COVID-19 vaccine. However, a recent Acas survey found that approximately 22% of employers intend to require their new staff to have the COVID-19 vaccination, and 21% would require their existing staff to be vaccinated too.

View

Press releases

Browne Jacobson’s dealmakers advise Coniston Capital on MBO of bespoke kitchen manufacturer

Browne Jacobson’s corporate dealmakers have advised Coniston Capital on its management buyout (MBO) of bespoke kitchen design manufacturers Harvey Jones for an undisclosed sum.

View

Building Safety Bill – what’s coming and how will it affect you?

In anticipation of the adoption of the Building Safety Bill, our specialist compliance and regulatory team will give an overview of the measures proposed in the Bill.

View