bullish

Polypipe

Polypipe - Clear fit from bolt-on deal

1.3k Views10 Oct 2019 18:24
Issuer-paid
SUMMARY

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.

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