The UK Competition and Markets Authority (CMA) has 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.”
The Kettering-based sustainable building products, systems and solutions group revealed the £10m deal for Leicester-based ARP Group, a manufacturer and distributor of specialist metal rainwater and architectural aluminium goods, in July.
