Leicester manufacturer sold in £10m deal

Leicester-based ARP Group, a manufacturer and distributor of specialist metal rainwater and architectural aluminium goods, has been bought in a deal worth £10m.

Alumasc, the Kettering sustainable building products, systems and solutions group, has snapped up the firm. It is the company’s first acquisition since 2018.

ARP was established in 1987, and operates from four facilities totalling over 47,000 sq ft, with a team of over 70 staff. ARP’s unaudited results for the year ended February 2023 showed revenue of £10.8m and adjusted EBITDA of £1.3m.

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.”