Polypipe secures £210m acquisition of ADEY to boost market share

ADEY is the UK’s biggest provider of magnetic filters, chemicals and related products, which protect against magnetite and other performance issues in water-based heating systems and improve energy efficiency.

Commenting on the acquisition, Martin Payne, Polypipe chief executive officer, said: "We are delighted to announce the acquisition of ADEY. Polypipe’s strategy is to grow both organically and through carefully selected value-enhancing acquisitions, with a particular focus on sustainability and sectors within climate and water management.

"ADEY is a pioneer and market leader in the residential heating protection market, one of the fastest growing segments of the UK construction market, underpinned by a shift towards more energy-efficient heating systems and regulatory tailwinds.

"Like Polypipe, it has a strong track record of innovation and new product development, with the acquisition strengthening the proposition for our customers and accelerating Polypipe’s growth. We welcome ADEY’s management and employees and look forward to working with them over the coming years."

Matthew Webber, ADEY chief executive, said: "We are excited to be joining Polypipe and by the growth opportunities ahead. The companies share a similar culture and philosophy, focused on delivering sustainable water and climate management solutions. The combined business will allow us better to serve our customers, which will continue to be the foundation for our future success.”