| Genuit Group plc | |
| Foundation: | 1980 |
| Location City: | 4 Victoria Place, Holbeck, Leeds, LS11 5AE |
| Location Country: | England, United Kingdom |
| Locations: | 18 sites |
| Industry: | Piping systems manufacture |
| Products: | Water and air management systems |
| Revenue: | £586.5 million (2023)[1] |
| Operating Income: | £94.1 million (2023) |
| Net Income: | £38.5 million (2023) |
| Num Employees: | 3,658 (2023)[2] |
Genuit Group plc, formerly Polypipe Group, is a manufacturer of plastic piping systems, for use in the residential, commercial, civils and infrastructure sectors. The piping systems are used for a variety of applications including drainage, plumbing, water supply, water management, cable management, heating and ventilation. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The company was established as Polypipe by Kevin McDonald (a former plumber) and Geoff Harrison in 1980.[3] In October 1995 the company bought Sud Ouest Plastiques (of France) for £2.1m,[4] in January 1997 it bought TDI for £3.1m[5] and in November 1997 it bought Gabo Systemtechnik for £6m.[6] Then in July 1998 the company bought Domus Ducting (renamed Polypipe Ventilation) for £4.7m[7] and in January 1999 it bought Pagette Sanitar Produktions (of Germany) for £9m.[8]
In March 1999 the company was bought by IMI for £337m; Kevin MacDonald made £56m from this deal and Geoffrey Harrison made £12.5m.[3] IMI sold Polypipe to Castle Harlan (of the United States), a private equity company, for £293m in September 2005.[9] In May 2007 it bought Terrain, a PVC piping business in Aylesford in Kent.[10] Then in August 2007, a management buyout took control of the company from the private equity company, in a deal funded by Bank of Scotland Integrated Finance.[3] In February 2010 the company bought Silavent, a ventilation manufacturer.[11]
In April 2014, Polypipe was the subject of an initial public offering on the London Stock Exchange.[12] Then in November 2014, Polypipe acquired the Ferrob Ventilation business.[13] In February 2015, Polypipe acquired Surestop, a business producing an alternative product to the brass stopcock,[14] and in August 2015 Polypipe acquired Nuaire, a ventilation systems manufacturer.[15]
It was announced in May 2017 that Martin Payne will succeed David Hall as the CEO following his retirement.[16] [17]
The company changed its name from Polypipe to Genuit Group in March 2021.[18]
The head office is in Leeds,UK. Its businesses are located as follows:[19]