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Nuaire the Caerphilly based ventilation systems maker has been purchased by Polypipe.
Listed piping system manufacturer Polypipe Group has completed a £145m purchase of the Wales-headquartered ventilation systems maker.
Nuaire is a manufacturer of ventilation equipment for commercial and residential applications. Its products help clients reduce their energy consumption and carbon emissions.
The deal has provided an exit for Electra Private Equity, which has received proceeds of £73m. Electra originally invested £23m in the management buyout of Nuaire in 2007.
Nuaire, which has approximately 450 employees, will continue to operate as an independent division to Doncaster-based Polypipe.
