Alumasc’s strategy is to build specialised positions in premium building product markets.
Alumasc has a long standing heritage of excellence in the manufacture and supply of a variety of products dating back to the middle of the twentieth century.
The group became part of the mining giant Consolidated Gold Fields in 1960 and was subsequently taken private by John McCall, Alumasc’s current Chairman, and the senior executive team in 1984 before being floated on the London Stock Exchange in 1986.
Alumasc enjoyed considerable success, particularly in the manufacture of precision engineering components and aluminium beer barrels in the 1980’s and 1990’s. The manufacture of aluminium rainwater and drainage products evolved from these businesses, and this was the beginning of the group’s successful association with building products.
A number of the group’s more traditional engineering businesses were impacted by the loss of much of the UK’s manufacturing base to lower cost economies around the turn of the century, and the group’s engineering and industrial product divisions were down-sized significantly in these years.
Meanwhile, the group’s building product activities experienced increasing success, achieving growth both organically and by acquisition.
In 2006, the group changed its Stock Exchange classification from Engineering Products to Construction and Building Products, as the Building Products division became the larger of the group’s two divisions.
2007 was a transformational year for Alumasc, when Levolux, the UK’s leading solar shading company was acquired, which helped re-position the group’s building products activities more firmly in the growing, sustainable building products arena. In the same year, Brock Metal, a zinc alloy producer and the last of the group’s major non-precision engineering businesses was sold.
The acquisition of Levolux, the subsequent acquisition in 2008 of Blackdown Greenroofs and Rainclear Systems in 2012, together with the disposal of Alumasc Dispense in 2011, Alumasc Precision Components in 2015 and Dyson Diecastings in 2016, has enabled the group focus on its core building products activities.
In 2018 Alumasc:
- acquired Wade, a leading manufacturer and supplier of quality drainage products. Wade strengthens the unique position of Alumasc’s Water Management division and provides further growth opportunities;
- successfully commissioned a new 88,000 sq. ft. factory for Timloc, our Housebuilding Products business; and
- sold its exterior wall insulation Facades business.
2019 has seen the re-listing of shares on AIM, merger of our pension schemes and simplification of the group structure.
Alumasc is now strategically focused in building specialised positions in premium building product markets. Each of our businesses is well positioned to benefit from one or more long term growth drivers (see Overview) to which we are closely aligned.