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Alumasc Group Plc (ALU)

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Monday 02 August, 2004

Alumasc Group Plc


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


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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