Kilwaughter Minerals Limited acquired Facades business of The Alumasc Group plc (LSE:ALU) for £6 million on November 1, 2018. The consideration comprises initial cash consideration received at completion of £4.5 million, and potential deferred consideration of up to £1.5 million receivable in a year's time, based on the performance of the business during that period. The manufacturing and warehousing operations of the business, together with support functions that are shared with Alumasc Roofing and based at Alumasc's 35,000 sq ft freehold property at St. Helens will not transfer to Kilwaughter. The St. Helens property will also be retained by Alumasc Group. Facades business generated revenues of £11.1 million and made an operating profit contribution to group overheads of £0.6 million for the full financial year to 30 June 2018. Twenty employees transferred to Kilwaughter under TUPE. The proceeds of the transaction will be used by Alumasc Group to support the ongoing investment in its strategic growth initiatives. The transaction will be modestly dilutive to Alumasc's earnings for the year ending 30 June 2019, it will be accretive to group operating margins. Kilwaughter Minerals Limited completed the acquisition of Facades business of The Alumasc Group plc (LSE:ALU) on November 1, 2018.