Wavin: Acquisition of Czech pipe maker

Plastic pipe manufacturer Wavin is to acquire Ekoplastik, a producer of hot and cold tap water pipe systems based in the Czech Republic, for an undisclosed sum.

With a turnover of Euro 27m, Ekoplastik is one of the leading manufacturer of PP plastic pipes and fittings in Central and Eastern Europe. Its factory near Prague employs about 250 staff. Wavin has factories in Poland, Hungary and Lithuania, and has a sales presence in nearly all countries in the region. Currently it has no production facilities in the Czech Republic, but sells sewer and utility pipes and fittings for underground applications via a number of its own depots.

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