Derbyshire pipe manufacturer bought by Russian firm
A DERBYSHIRE pipe manufacturer has been taken over by a Russian firm.
Radius Systems, based at Alfreton, along with all of its subsidiary companies, has been bought by Polyplastic Group for an undisclosed sum.
The firm employs 370 people across three sites - its Derbyshire head office and two in Northern Ireland.
Polyplastic supplies polyethylene piping services for infrastructure markets, with production plants in Russia, Ukraine, Belarus and Kazakhstan.
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Andy Taylor, chief executive of Radius Systems, said: “The completion of this acquisition is exceptionally good news for the Radius Group and should be welcome reassurance for both our loyal employees and those suppliers who have supported the business through a tough two-year period.
“With Polyplastic’s involvement and experience, we will be able to capitalise on being part of a substantial international group.”
The business will continue to trade under the Radius Systems, Radius Plastics and Radius Plus brands.