PIE-TICKER
Wavin completes takeover of HBP from Vaillant
Dutch plastic pipe systems group Wavin (www.wavin.com), Zwolle, has completed the takeover of UK-based Hepworth Building Products (HBP, www.hepbp.demon.co.uk), Sheffield, from Vaillant (www.vaillant.com), Remscheid / Germany. No acquisition price was revealed for the deal announced in December 2004. HBP, a manufacturer of plastic, clay and cement pipes for plumbing and in the above and below-ground drainage sector, had sales last year of EUR 236m and an operating profit of EUR 27m.
11.04.2005 Plasteurope.com [11324]
Published on 11.04.2005