# Ascent Rift Valley Fund acquires Metro Plastics Kenya

Ascent Rift Valley Fund acquired Metro Plastics Kenya Limited, a manufacturer of PVC and PPR water pipes and fittings, through an asset carve-out into a new entity called Metro Concepts East Africa Limited.

- Type: Acquisition
- Announced: 2020-03-10
- Where: Nairobi, Kenya
- Jobs: 300
- Status: completed
- Products: PVC water pipes, PPR water pipes, electrical conduits, waste pipes, fittings, gutters
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Ascent Rift Valley Fund](https://endata.com/companies/22874.md) (acquirer)
- [Metro Plastics Kenya](https://endata.com/companies/45827.md) (target)
- [Metro Concepts East Africa](https://endata.com/companies/45828.md) (target)

## Sources

- [nairobibusinessmonthly.com](https://nairobibusinessmonthly.com/ascent-acquires-leading-manufacturer-of-construction-materials/), 2020-03-10: "Ascent Rift Valley Fund (ARVF), an SME Private Equity Fund investor, has increased its investment presence in Kenya through the acquisition of Metro Plastics Kenya Limited."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.