Rainclear is an internet based business and will broaden Alumasc’s operations at its Alumasc Rainwater business.
Alumasc said the deal “will complement the group’s existing product range whilst broadening routes to market, particularly via independent merchants and the high growth internet sector.”
Rainclear will continue to trade independently within Alumasc and the existing management team will remain in place.
Paul Hooper, Alumasc Group Chief Executive, said: “The acquisition, which is expected to be immediately earnings enhancing, will further strengthen Alumasc’s leading position in the UK rainwater products market as part of the group’s wider strategy to grow its portfolio of sustainable building product businesses.”