Polyplastic Group Acquires Radius Systems

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Polyplastic Group Acquires UK Leading Pipe Producer Radius Systems
Polyplastic Group, the Russian and CIS market leader in plastic’s processing, has today signed an
agreement to acquire full ownership of Radius Systems Limited and all its subsidiary companies
for an undisclosed sum.
Polyplastic Group was founded in 1991 and is today the
leading European supplier of thermoplastic compounds
and polyethylene piping solutions for infrastructure
markets with modern production plants in Russia,
Ukraine, Belarus and Kazakhstan. A strong emphasis
on investment in technology, underpinned by a focus
on quality, research and development, has resulted in
a product portfolio spanning gas and water utilities,
sewer systems and district heating.
Miron Gorilovsky, CEO of the Polyplastic Group,
commented “Polyplastic is pleased to announce its first
acquisition within the European Union and welcomes
Radius Systems into the Group. The acquisition brings
complementary technologies and innovation and
reciprocal access to new markets. The strengthened
group will benefit from the scale generated by the
acquisition thereby creating a solid foundation for
future growth”.
In 2012, Radius Systems generated net sales of over 100
MEUR and employs 370 people at their three facilities
in Hilcote, Derbyshire (Group Head Office), Banbridge
and Lurgan (both in Northern Ireland). The acquisition
w:www.radius-systems.com
also includes the field services subsidiary Radius PLUS
Limited.
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Andy Taylor, CEO of Radius Systems said “the completion
of this acquisition is exceptionally good news for the
Radius Group and should be welcome reassurance
for both our loyal employees and those suppliers who
have supported the business through a tough two year
period. With Polyplastic’s involvement and experience,
we will be able to capitalise on being part of a substantial
international Group. Our common competencies
will allow us to access new market prospects and
by leveraging our combined innovation, technology
and scale we will deliver benefits to both our existing
customers and our new owners”.
The buyers were advised by Deloitte acting from
their Moscow and Birmingham offices, together with
legal advice from CMS Cameron Mckenna LLP. The
Birmingham based team at Ernst & Young advised the
shareholders of Radius Systems, together with the
Manchester based legal team at Eversheds LLP.
The UK business units will continue to trade under the
Radius Systems, Radius Plastics and Radius PLUS brands.
Notes for Editors:
1.POLYPLASTIC Group was founded in 1991 as a manufacturer of consumer goods centred in Moscow, Russia. It has
evolved in the period since to become the largest plastic processing company in Russia and the Commonwealth of
Independent States (CIS) that followed the post-Soviet era.
• Today the company operates in three sectors of the plastics markets, these being PE pipes for utility companies,
district heating systems and thermoplastic composite materials
• Polyplastic employ more than 5000 employees across 17 manufacturing plants based in Russia, Ukraine, Belarus
and Kazakhstan
• The utility pipes sector covers products for gas and water utilities, together with systems for sewerage and drain
applications, with production volume of c. 300kT per annum
• The group is committed to modernisation of its production base and broadening of its product offering with
new types of pipe and fitting systems. To support this it has 2 advanced R&D centres employing more than 60
specialists
• The group manufactures twin wall corrugated pipes up to ID 2600mm under its CORSYS® brand and PROTECT®
pressure pipes with special protection layers to OD 1600, both of which are well known in the CIS markets.
• Consolidated 2012 revenue exceeded EUR 700m, EBITDA EUR 95m.
2.PR Department, Polyplastic: Mr Oleg Oleinikov +7 925 139 0181,
[email protected] www.polyplastic.ru
3.Marketing, Radius Systems: Mr Mark Hunter, +44 (0)1773 811112,
[email protected] www.radius-systems.com
Radius Systems Ltd
Radius House, Berristow Lane, South Normanton, Alfreton, Derbyshire, DE55 2JJ, UK,
t:+44(0)1773 811112, f: +44(0)1773 812343, e: [email protected]
w:www.radius-systems.com
Pioneers in PE Pipe Technologies