PIE-TICKER
Wavin in talks about Vaillant subsidiary Hepworth
Pipe manufacturer Wavin (www.wavin.com), Zwolle / The Netherlands, is in negotiations with heating technology company Vaillant (www.vaillant.com), Remscheid / Germany, on the acquisition of Vaillant 's British subsidiary Hepworth Building Products (www.hepbp.demon.co.uk ), Sheffield. The transaction is subject to due diligence and approval by competition authorities and supervisory boards. HBP produces plastic, clay and concrete pipe systems for use in plumbing and in the above and below-ground drainage sectors. It has annual sales of EUR 226m and more than 1,700 employees.
03.01.2005 Plasteurope.com [11836]
Published on 03.01.2005