Piping system manufacturer, Polypipe Group has completed a £145m purchase of Wales-headquartered ventilation systems maker, Nuaire and agreed a £300m funding package.
Nuaire manufactures ventilation equipment for commercial and residential applications, with its products helping clients reduce their energy consumption and carbon emissions. The deal has provided an exit for Electra Private Equity, which invested £23m in the management buyout of Nuaire in 2007. With a workforce of around 450 employees, Nuaire is likely to continue operating as an independent…
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