Acquisition

Alumasc Group PLC 02 August 2004 THE ALUMASC GROUP PLC Acquisition of Roof-Pro Limited Alumasc, the high specification engineering and building products group, announces that on 31 July 2004 it completed the purchase of Roof-Pro Limited, a building products company, for £3.7 million. In addition, profit linked deferred consideration of up to £0.15 million may be payable over 3 years. Roof-Pro was previously privately owned and is based in Bedford. Its principal activity is the manufacture and supply of support systems for equipment and services located on roofs, such as chillers, air conditioning plant and pipelines. These systems are specified by Mechanical and Electrical (M&E) engineers for new and refurbishment construction contracts and provide cost-saving flexibility in roof maintenance and repair. Roof-Pro's activities will fit closely with those of Alumasc Exterior Building Products (AEBP) which is a leading supplier of specification products for roofing, drainage and facade systems. While Roof-Pro may be expected to benefit from AEBP's wide contacts in the UK construction industry, it will in turn provide AEBP with an entree into the growing M&E sector. The purchase price has been paid in cash from the Group's existing resources. The value of net assets at completion amounted to £0.8 million, including £0.7 million of cash. In the year to 31 December 2003, Roof-Pro made profits of £0.7 million before interest, tax and owners' drawings. Paul Hooper, Alumasc's Chief Executive, stated "This transaction follows our stated plan to build on the Group's market strengths in the building products sector through product development and add-on acquisitions. The Board expects the acquisition to enhance earnings in the current financial year to 30 June 2005." Enquiries: The Alumasc Group plc 01536-383 844 John McCall (Chairman) Paul Hooper (Chief Executive) Bankside Consultants Limited 020-7444 4166 Charles Ponsonby This information is provided by RNS The company news service from the London Stock Exchange
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