One of Doncaster’s biggest private employers has confirmed it plans to float on the London Stock Exchange next month.
Edlington-based Polypipe, founded in 1980, is now the largest manufacturer in the United Kingdom – and among the biggest 10 in Europe – of plastic piping systems for the residential, commercial, civils and infrastructure sectors, and could be worth £400 million.
Polypipe chief executive David Hall and his management team stand to make a considerable profit from the float because they hold 15 to 20 per cent of the company.
The group operates from 16 facilities in total, employing 1,100 people at its biggest site in Doncaster, and offers the widest product range in the UK. The group’s primary operations are in the UK, French and the Irish building and construction markets, with a presence in Italy and the Middle East.
Mr Hall said: “Our business has emerged strongly from the construction downturn and is now well-invested and well positioned to take advantage of new market opportunities.
“The structural trends in our market – the substitution of legacy piping materials for modern plastic systems and regulatory support for carbon efficiency and water management solutions – provide a strong basis for continued growth in the coming years.
“We’ve done some market testing and the appeal is very strong. We think this will be good for the group’s profile.”
Polypipe already has a strong following, with a Supebrands survey finding it was one of 11 Yorkshire institutions to make it into the top rank of elite brands in Britain.
The group has experienced strong demand for its pipes because of regulations that favour plastic over copper and concrete and, unlike copper, they are of no value to thieves.
Business has also been boosted by a pick-up in the property market and Government initiatives such as the Help to Buy scheme, to be extended until 2020.