April 29 2014

UK based Radius Systems, a leading international supplier of piping solutions to the Gas and Water utilities and District Heating sectors, is pleased to announce the acquisition of 100% of the issued share capital of the Latvian piping solutions company SIA Evopipes, for an undisclosed sum.

Evopipes, a leading manufacturer and supplier of polymer piping systems operates from a modern custom built facility in Latvia and exports to 14 countries in the Baltics, Central and Eastern Europe and Scandinavia. Target segments are water and gas transportation, gravity drainage, power and telecommunications. See the link below for more information.

Andy Taylor, CEO of Radius Systems, said today, "we are delighted and excited to welcome Edgars Vilkins and his Evopipes team into the Radius family. Evopipes complements the Group from a product and geographical perspective and is consistent with our strategy, since becoming part of the Polyplastic Group, to grow our core piping systems proposition both organically and by acquisition throughout Europe. In addition to its market leading position, Evopipes provides the perfect geographic platform to grow sales of our ever widening range of piping solutions and services and joins the Subterra, Aeon and Redman brands as a fourth acquisition in the past 12 months".

About Polyplastic/Polymerteplo/Radius Group

Polyplastic/Polymerteplo is the Russian and CIS market leader in engineered polymer products. Polyplastic is the largest producer of PE pipes and fittings in Europe with a total annual production of c. 250Ktonnes and the market leader in polymer composite materials supply to the automotive, white goods and building materials sectors in the Russia/CIS markets with annual sales of c.80Ktonnes. Polymerteplo is the leading manufacturer of District Heating Solutions in Russia/CIS with total annual sales in excess of 1,000 km. Radius is the leading UK producer of PE pipe and fittings solutions to all major utilities companies in the gas, water and telecoms sectors. The combined Group operates from 20 plants and exports to more than 50 countries worldwide. The Group has an annual turnover of c.€1bn and employs in excess of 7000 people. The combined Group is headquartered in Moscow.