The acquisition of Tuffpipes provides £2m to Naylor’s annual turnover and 11 employees to the crew.
The acquisition heed used to be now not disclosed.
Tuffpipes’ proprietor-managers Neil and Amanda Tuff will remain with the industry and oversee its integration into the Naylor Neighborhood.
No longer lower than until the discontinue of the year, Tuffpipes will operate as a standalone subsidiary of Naylor Drainage, with manufacturing persevering with at its Burnley enviornment.
Naylor Drainage is a producer of clay and plastic pipes for the enchancment and infrastructure sectors, with factories in Cawthorne reach Barnsley and Methil in Scotland. It’s a subsidiary of Naylor Industries, a fourth-generation household industry with 420 employees.
Naylor Neighborhood proprietor and chief govt Edward Naylor stated: “Tuffpipes is a big fit with our industry and permits us to produce our possibilities a broader vary of PVC as successfully as polyethylene ducting merchandise.”
The acquisition of Tuffpipes comes on the abet of a stable year of progress for Naylor Industries, which has seen its turnover develop to £69.7m within the year to February 2022, up from £51.7m the year earlier than. Edward Naylor stated that there used to be “a chunk of put up covid recovery and value inflation but it absolutely’s largely a account of proper natural progress all the arrangement in which thru all three Naylor companies – Drainage (clay and plastic pipes), Concrete merchandise (lintels and fencing) and Specialist Plastics (bespoke extusions).” Naylor’s turnover within the years straight earlier than the pandemic used to be around £55m.
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