Radius Acquires UK Leading Pipe Rehabilitation Specialist Subterra

Posted: Wednesday 10th July 2013

Radius Systems, the UK’s leading supplier of PE pipes and fittings to the Gas and Water utilities sector, is pleased to announce the acquisition of the assets of the Subterra pipeline reparation business from the administrators of Daniel Contractors for an undisclosed sum. Subterra operates from 2 facilities in Dorset and is a leading provider of polyethylene pipe renovation solutions including epoxy and polyurethane resins for the spray coating of metallic pipes and the Subline and Rolldown relining technologies.

Andy Taylor, CEO of Radius Systems, said today, “Subterra is our first acquisition following the purchase of Radius Systems by the Russian based, Polyplastic Group in February this year. Our new owners have had no hesitation in supporting this transaction which is consistent with our agreed strategy to complement our core pipe and fittings business with closely associated products, services and technologies and in so doing enhancing our value added to our customer base. We are extremely pleased to add the Subterra technologies to our portfolio and look forward to welcoming a skilled and dedicated workforce into the Radius/Polyplastic family.”

Bill Dawson, Joint Administrator of Daniel Contractors Limited and Land & Marine Project Engineering Limited and partner in Deloitte’s Restructuring Services team, said: “we are pleased to secure this deal. It will ensure that the services provided by Subterra continue and helps protect the jobs of Subterra employees. This latest agreement means that the vast majority of jobs at Daniel and Land & Marine have now been safeguarded.”

The UK business will trade as part of the RadiusPLUS service company and the Subterra brand will continue to be used in connection with the pipe lining technologies.

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