Derbyshire manufacturer sold in £52m deal
Ripley-based designer and manufacturer of plastic and metal products to the residential sector Manthorpe Building Product has been sold to listed piping and ventilation firm Polypipe for £52m.
Manthorpe has around 100 employees across sales, R&D, despatch and manufacturing functions. Polypipe says there are "opportunities for both cost and revenue synergies" post-deal. It is anticipated that the management of Manthorpe will remain with the combined business.
Manthorpe turned over £16.4m and had an adjusted EBITDA of £6.3m... For the full story register now for free or login below...