Mon, 12 Sep 2022 | BUSINESS SALE
Building products maker Epwin Group has acquired Norwich-based materials re-processor Poly-Pure in a deal valued at £15 million. The deal represents a 6x multiple of Poly-Pure's estimated adjusted EBITDA of £2.5 million for the year ending July 31 2022, generated on expected revenue of £10 million.
Poly-Pure recycles post-consumer and post-industrial PVC building materials, particularly UPVC window frames. The company, founded in 2018, supplies its re-processed PVC to customers from a diverse range of industries.
Epwin says that it expects the acquisition to be margin accretive and that the adjusted EBITDA will be immediately earnings enhancing for the group. The company added that the deal will be funded by existing group facilities.
The group cited a number of key factors that it said would make Poly-Pure a strong strategic fit. This includes significant growth opportunities, due to the company’s strong revenue and EBITDA growth, diverse and growing customer base and the increasing industry focus on using reprocessed materials.
Epwin added that the acquisition will also deliver cost synergies, improved material sourcing and will help to enhance the group’s sustainability by enabling it to use a greater proportion of recycled materials in its products.
Post-acquisition, Poly-Pure's directors will remain with the company and work within Epwin’s Extrusion and Moulding division.
Epwin CEO Jon Bednall said: “Poly-Pure is a high-quality, growing business and a strong strategic fit, which will enable us to further bolster our recycling capabilities and accelerate delivery of our sustainability agenda."
"We see good opportunities to derive synergistic benefits with our existing operations, increase the proportion of recycled material used in our products and further improve the already strong environmental credentials of the Group's products. The acquisition also furthers our strategy of broadening our materials capabilities for the future.”
Find businesses for sale here.
If you are looking for an exit, we can help!.
This is an opportunity to acquire a long established and consistently profitable highways maintenance company specialising in road planing. The company premises are located near the South East Coast from this location it is able to cover all of the S...
This is a well established and profitable business, one of a very small number of trusted building contractors working on historically significant traditional buildings and monuments.
The companies offer an all-encompassing solution for playgrounds and adventure golf courses, working collaboratively with clients throughout the design, installation and ongoing maintenance of each structure. The utmost care is taken to ensure that e...
23
|
Apr
|
Furniture retail group acquires stock and IP of e-commerce firm | BUSINESS SALE
Flair Furniture, a retail group based in West Yorkshire, has...
23
|
Apr
|
UK administrations update: April 17 – 23 | ADMINISTRATION
Since our last update, the following businesses have been co...
23
|
Apr
|
TC Group merges with Rochester accountancy | MERGER
TC Group has continued to expand through strategic M&A after...
28
|
Jan
|
Building products manufacturer makes £3.8m acquisition | BUSINESS SALE
Building products manufacturer Epwin Group Plc has announced...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.