NuGen Properties

Competition watchdog probes gutter merger


ARP gutters

Stock market listed Alumasc , which makes gutters and drainpipes, announced in July that it has agreed a £10m deal with Richard Muddimer to take over Aluminium Roofline Products (ARP) and his Rainwater Online Holdings business.

Based in Leicester, ARP was established in 1987, and operates from four facilities totalling over 47,000 square feet. It has 70 staff and turned over £11m last year. Alumasc turned over £89m.

The CMA said today that it was considering whether the deal could result in a substantial lessening of competition within the market and has invited comments on the transaction from any interested party by 9th November 2023.

Alumasc said: “The group continues to engage with the Competition & Markets Authority on its proposed acquisition of ARP Group, announced on 23rd July 2023, and expects this process to conclude during December 2023.”

Got a story? Email [email protected]



Source link


Customer Reviews

Nugen Properties

Customer Reviews

Dan Morten 18/01/22

Google
Easy to work with, Jordan and the team were professional and were easy to communicate with.
Would highly recommend.

Di Hayes 20/08/22

Google
NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

Bradley Eyles 20/06/23

Google
Nugen were fantastic throughout the works they carried out on my property, Jordan provided constant updates and ensure any questions I had were always answered. All works were completed in a timely fashion, on budget and exceptional customer service. Highly recommend!

Sonny Carter-heyward 29/02/22

Google
Brilliant service, renovated my house to make a dream a reality. Thanks guys

sitemanager 22/01/23

Google
Great firm to communicate with fast and good quality work.