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29/04/2014
Evopipes is the largest Baltic manufacturer and supplier of polymer piping systems operates from a modern custom built facility in Latvia and exports to 14 countries in the Baltics, Central and Eastern Europe and Scandinavia. Target segments are water and gas transportation, gravity drainage, power and telecommunications.
BIC Securities organized negotiations with several international investors and advised shareholders on all stages of the sale process.
Andy Taylor, CEO of Radius Systems, said today, "Evopipes complements the Group from a product and geographical perspective and is consistent with our strategy, since becoming part of the Polyplastic Group, to grow our core piping systems proposition both organically and by acquisition throughout Europe. In addition to its market leading position, Evopipes provides the perfect geographic platform to grow sales of our ever widening range of piping solutions and services".
Radius Systems is part of Polyplastic/Polymerteplo, which is the Russian and CIS market leader in engineered polymer products. Polyplastic is the largest producer of PE pipes and fittings in Europe. The combined Group operates from 20 plants and exports to more than 50 countries worldwide. The Group has an annual turnover of c.€1bn and employs in excess of 7000 people. The combined Group is headquartered in Moscow.
BIC Securities acted as exclusive financial adviser of the shareholders of Evopipes.
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