Polyex: Expansion of UK distribution

UK polycarbonate extruder Polyex has acquired a majority stake in Victoria Plastics, the Hull-based distributor that trades as Stereon. Stereon was formed by a management buy-out of the company from GE in 2003. It has a nationwide customer base that includes DIY giant Wickes. Adrian Titmus, managing director of Stereon, will continue to run the company. Polyex managing director Roger Hartshorn said: “We are proud to welcome Stereon to the Polyex group, and see this as a major step towards building a truly national distribution network.” Polyex opened its EURO 11.6m multiwall polycarbonate extrusion plant at Alfreton, Derbyshire, earlier this year. It recently acquired Roofpax, a cutting centre in Barnsley.

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