Press Release July 2023
The Alumasc Group is very pleased to announce that it has today exchanged contracts to purchase the shares of ARP Group which has been manufacturing high quality rainwater and roofing products since 1987, with a subsequent completion being conditional upon the UK Competition and Markets Authority (“CMA”) having indicated that it has no further questions in relation to the Company’s submission regarding the acquisition, and that it does not intend to make a Phase 2 referral. The Directors expect this process to conclude, and the acquisition to complete, within 3 months of today’s date. Further announcements will be made as appropriate.
Should, as it is hoped, completion take place both Alumasc Water Management Solutions (part of Alumasc’s Water Management division) and ARP Group anticipate benefits for each of their customers and in particular for an enlarged product range creating a ‘one stop shop’.
It is anticipated that ARP Group and Alumasc Water Management Solutions will continue to operate independently from their two sites in Leicestershire and Northamptonshire respectively.
Further information will be forthcoming following the CMA’s review which is anticipated will take two to three months. In the meantime it is ‘business as usual’ for both of the companies.