The Competition and Markets Authority (CMA) has begun an investigation into the anticipated £10m acquisition by The Alumasc Group PLC of ARP Group Holdings Ltd and Rainwater Online Holdings Limited.
Alumasc, a Kettering-based sustainable building products, systems and solutions group, revealed the deal for Leicester-based ARP Group, a manufacturer and distributor of specialist metal rainwater and architectural aluminium goods, in July.
Now the CMA is considering whether it may be the case that this transaction will result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
When announcing the acquisition, Paul Hooper, Chief Executive of Alumasc, said: “We are delighted to welcome ARP, along with all our new colleagues to the Alumasc Group. This acquisition aligns with our strategy of accelerating our organic growth with complementary bolt-on acquisitions. ARP will broaden the group’s existing product offerings, and augment the routes to market for both businesses.”
The CMA’s deadline for its phase 1 decision is 22 December.
