Polypipe Group plc (“Polypipe” or the “Group”), a leading manufacturer of plastic piping systems for the residential, commercial, civils and infrastructure sectors, is joining the London Stock Exchange’s FTSE 250 Index. The entry will take effect from start of trading today.
In just under two years since our flotation on the London Stock Exchange, the market capitalisation of the business has increased by c.28% from £490 million to £630 million.
David Hall, Chief Executive said:
“We are delighted to be entering the FTSE 250 following the strong progress we have made since the Group’s successful IPO in April 2014. We continue to deliver on the strategy we set out at that time, to grow the business profitably in the UK and internationally, and broaden our market reach in high-growth products. We are benefitting from growing our market leading positions and our recent acquisition of Nuaire, the ventilation systems manufacturer, supports our plans to accelerate our growth.”
David Hall, Chief Executive Officer
Peter Shepherd, Chief Financial Officer
+44 (0) 1709 770 000
+44 (0) 2074 045 959
Date: 29 January 2016