For the year ending 30 June 2014, APC generated an operating loss of £1.4 million.
The Group had been seeking a buyer for APC since Autumn 2014, after announcing that the focus of its future strategic development would be to accelerate the growth of its market-leading Building Products activities.
The cash generated from the sale of APC will be used to support the development, including the relocation, modernisation and expansion of its Rainwater & Drainage business, currently located on the same site as APC.
APC’s employees have transferred to Shield under TUPE and Shield has indicated that it intends to invest in and develop the APC business at its current factory near Kettering.
Paul Hooper, Chief Executive of The Alumasc Group, commented: We are delighted to have concluded the sale of APC to Shield, a company we believe is better positioned than Alumasc to develop the business and its service to customers.
The divestment of APC will be strongly earnings and cash flow enhancing for Alumasc and will allow the Group to focus on its strategic priority to drive the further profitable growth of its continuing businesses.
Alumasc Exterior Building Products Ltd.,
White House Works,
Phone: 01744 648 400
Bull Products has strengthened its presence in the shipbuilding industry, after securing a partnership with a major Norwegian distributor.Posted in Articles, Building Industry News, Building Systems, Case Studies, Facility Management & Building Services, Health & Safety, Posts, Security and Fire Protection, Site Preparation
Following the coming together of Icopal and Monier Redland, and a period of investment in premises, systems and people, BMI UK & Ireland has been formally launched to the construction industry.Posted in Articles, Building Associations & Institutes, Building Industry Events, Building Industry News, Building Products & Structures, Building Services, Building Systems, news, Posts, Restoration & Refurbishment, Retrofit & Renovation, Roof Edge Protection, Roofs
The MCRMA has published an Advice Note titled AN 4: The Building (Amendment) Regulations England 2018.Posted in Articles, Building Associations & Institutes, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Cladding, Health & Safety, Posts, Publications, Roofs, Security and Fire Protection, Walls
With heavier materials and darker colours being used in more and more projects, Troldtekt is exploring the movement in detail in its latest Theme.Posted in Acoustics, Noise & Vibration Control, Articles, Building Industry News, Building Products & Structures, Ceilings, Innovations & New Products, Interiors, Paints, Coatings & Finishes, Posts