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FTSE 250 stock and plastic pipe manufacturer
Polypipe Group(LSE:PLP) is on the acquisition trail. The £1.4bn company is snapping up businesses that complement its offerings and is strengthening its grip as a leading supplier.
In its last annual report, the Polypipe Chair said 2019 market conditions had been tough (sales were down) but Polypipe was making progress and it planned to focus on growing M&A in 2020. Unfortunately, the pandemic struck and times were tough for a while. But it began steering a recovery and has continued to make acquisitions.
US$12.3 TRILLION out of thin air…
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