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Management buyout for Polypipe Sanitary Systems

(29/02/2008)

Polypipe Sanitary Systems has been the subject of a successful management buyout from its previous owners, the Polypipe Group. The deal, which became effective on 30th January 2008, saw Polypipe Sanitary Systems come under the control of members of its Executive Management Team headed by Brian Watson, who moves from his previous role as managing director to become Chief Executive Officer of the new business. The company will continue under the Polypipe Sanitary Systems name for a limited period, before phasing in a new identity as CME Sanitary Systems - a name which reflects the three principle brands of the business, Celmac, Macdee and Ecoplay. The purchase includes the existing operations at Dukinfield in Manchester, Warmsworth in Yorkshire, and Pan Yu in China. It also incorporate... [read full article]

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