Record profits at Alumasc as firm goes for further growth
Turnover has topped £100m at Kettering-based building products and systems firm Alumasc.
For the year ending June 30, Alumasc saw profits grow by over 16% to £13m – a record and ahead of recently upgraded expectations – on the back of revenues of £100.7m – up 13% on last year.
All three of the company’s divisions – water management, building envelope and housebuilding product saw “strong” growth.
The firm’s recently-acquired ARP business delivered a 6.5% contribution to revenues.
Paul Hooper, chief executive, said: “Since we completed the strategic acquisition of ARP Group and welcomed our new colleagues, the business has performed extremely well, bringing exciting synergies and opportunities for cross-selling to the business.
“Alumasc’s performance against the backdrop of challenging markets during 2024 shows the business’s quality and as we progress into 2025 we have a clear line of sight of our ambitious growth plans, capacity to invest and opportunity to deliver significant shareholder value.”