REG - Alumasc Group Plc - CMA clearance on proposed acquisition of ARP Group

AlumascAnnouncement

15/12/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231215:nRSO9104Wa&default-theme=true

RNS Number : 9104W  Alumasc Group PLC  15 December 2023

15 December 2023

THE ALUMASC GROUP PLC

('Alumasc' or 'the Group')

CMA clearance on proposed acquisition of ARP Group

 

Alumasc confirms that the UK Competition and Markets Authority ('CMA') has
today formally issued unconditional clearance in relation to Alumasc's
acquisition of ARP Group, which is now expected to complete by 31 December
2023.

Paul Hooper, Chief Executive of Alumasc, said: "This acquisition aligns with
our strategy to accelerate our organic growth with earnings enhancing bolt-on
acquisitions, and we are delighted that it has cleared its final regulatory
hurdle. We are excited about the scaling up opportunities this transaction
brings to both companies and look forward to welcoming the ARP team into
Alumasc Group."

Certain information contained in this announcement would have constituted
inside information (as defined by Article 7 of Regulation (EU) No 596/2014),
as it forms part of domestic law by virtue of the European Union (Withdrawal)
Act 2018) ("MAR") prior to its release as part of this announcement and is
disclosed in accordance with the Company's obligations under Article 17 of
those Regulations. The person responsible for making this announcement on
behalf of the Company is Helen Ashton, Group Company Secretary.

 

END

 

Enquiries:

The Alumasc Group plc
                                         +44 (0)1536
383844

Paul Hooper (Chief Executive)

Simon Dray (Group Finance Director)

Peel Hunt LLP (Broker)
                                            +44 (0)207
418 8831

Mike Bell

Ed Allsopp

Cavendish Capital Markets Ltd (Nominated Adviser)
          +44 (0)207 220 0561

Julian Blunt

Edward Whiley

Camarco (Financial
PR)
 

Ginny Pulbrook
 
+44 (0)203 757 4992

Rosie Driscoll
 
   +44 (0)203 757 4981

      Email: alumasc@camarco.co.uk

 Notes to Editors:

1      Alumasc is a UK-based supplier of premium sustainable building
products, systems, and solutions. Almost 80% of Group sales are driven by
building regulations and specifications (architects and structural engineers)
because of the performance characteristics offered.

2      The Group has three business segments with strong positions and
brands in their individual markets. The three segments are: Water Management;
Building Envelope; and Housebuilding Products.

3      The Group announced the proposed acquisition of ARP Group on 25
July 2023, subject to the UK Competition and Markets Authority indicating that
it has no further questions in relation to the acquisition, and that it does
not intend to make a Phase 2 referral.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRFZMMZZDZGFZZ