ADEY has been acquired by Polypipe Group plc
ADEY the UK market leader in solutions to protect water-based heating systems, has been acquired by Polypipe Group plc, a leading provider of sustainable water and climate management solutions for the built environment.
Gloucestershire-headquartered ADEY specialises in the design, manufacture, and supply of innovative products and services that significantly improve the effectiveness of domestic and commercial heating and cooling systems and water treatment systems.
In 2017, ADEY was awarded the Queen’s Award for Enterprise in International Trade for a third time. The award recognised the business’ homegrown success and expansion into 19 European countries as well as China, the United States, Australia and New Zealand.
The transaction will enable ADEY to further accelerate its international growth as part of Polypipe. Polypipe is the largest manufacturer in the UK of plastic piping systems and is also a leading designer and manufacturer of energy efficient ventilation systems. It primarily targets the UK and European building and construction markets with a presence in Italy, the Netherlands and the Middle East.
Rothschild & Co advised on the sale of this transaction. For further detail please contact Graham Carberry.