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Polypipe boosted by acquisitions

The plastic piping specialist is aiming to become a one-stop-shop for customers
Polypipe boosted by acquisitions

Acquisitions accounted for the lion's share of revenue growth for Polypipe (PLP) during the first-half as last year's purchases of Manthorpe and Permavoid brought the plastic piping manufacturer closer to its goal of becoming a one-stop shop for customers. Like-for-like revenue was up just 1 per cent, compared with an overall growth rate of 6 per cent. There is “plenty in the pipeline” for chief executive Martin Payne, who said he was seeking to fill both product gaps and leverage the group’s skills base internationally via more mergers and acquisitions.

IC TIP: Buy at 397p

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