The Competition and Markets Authority (CMA) has cleared the proposed acquisition by Alumasc Group of ARP Group and Rainwater Online Holdings.
In October, the watchdog was considering whether the merger could result in a “substantial lessening of competition” within UK markets.
“The CMA has cleared the anticipated acquisition by The Alumasc Group plc of ARP Group Holdings Ltd and Rainwater Online Holdings Limited,” a CMA decision notice reads.
In July, Stock Market listed building products supplier Alumasc agreed to acquire ARP Group, its subsidiary Aluminium Roofline Products and Rainwater Online Holdings for £10 million cash.
At the time the acquisition was conditional on approval from the CMA.
In a September trading update, Alumasc wrote: “The management team has focused on execution of our growth strategy. Strong organic growth was delivered in our Housebuilding Products and Building Envelope divisions. Inorganic growth is also being pursued with the proposed acquisition of ARP Group (subject to CMA approval).
“ARP will complement Alumasc’s business model, broadening our product range in the Water Management division and augmenting our routes to market. We are excited at the prospect of this transaction bringing attractive scaling opportunities for both businesses.”
Leicester-headquartered ARP is understood to employ around 70 people.
Alumasc turned over £89.4 million in FY2022, compared to £77.8 million the previous year.
The full version of the CMA’s decision will be published shortly.
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