Leeds-Headquartered PLC Makes £56m Swoop
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Genuit Group buys £55m ventilation firm Monodraught – Northern Financial Review
Leeds-based piping and ventilation systems firm Genuit Group plc — formerly called Polypipe Group — announced on Monday the acquisition of Monodraught Topco Limited for a total consideration of £55.6 million “on a debt-free and cash-free basis.” Monodraught is a UK provider of commercial ventilation solutions, with advanced controls and data management capability focussed on the UK education sector. “Monodraught delivered 13% organic revenue CAG…
Leeds-headquartered PLC makes £56m swoop
A sustainability-focused PLC based in Leeds has completed a £56m swoop. Genuit Group plc, the UK’s largest provider of sustainable water, climate and ventilation solutions for the built environment, has moved to acquire Monodraught for a total consideration of £55.6m, fully funded via Genuit’s existing debt facilities. Monodraught, established over 50 years ago and based in High Wycombe, is a leading provider of commercial ventilation solutions …
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