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Wates director joins Alumasc board as non-exec

Wates strategy director Stephen Beechey has joined the board of building products company Alumasc as a non-executive director.

The publicly listed company said Mr Beechey, who will continue his role at Wates, would help it pursue growth plans.

He replaces Philip Gwyn, who stepped down from the Alumasc board in July after 22 years with the firm.

Alumasc is aiming to take a bigger share in international markets with its water and energy management products.

The company views international expansion as crucial, citing weak growth forecasts in UK construction over the next two years.

Alumasc is also seeking acquisitions to power its growth and earlier this year sealed an £8m deal to buy drainage specialist Wade.

Two businesses have been sold by the group over the last 18 months.

It finalised a £4.5m deal earlier this week to sell its facade business to Northern Ireland-based Kilwaughter, and last year offloaded a scaffolding business for just under £1m.

In its last financial results for the year to 30 June 2018, Alumasc reported a decline in revenue from £104.8m to £98.4m. This coincided with a slide in pre-tax profit from £6.5m to £4.3m.

Carillion’s collapse and bad weather at the start of 2018 were blamed for what chairman John McCall called a “reversal” in its performance.

Mr Beechey has been with Wates since 2010 and has specialised in the education construction market.

He was promoted to group strategy director in 2015.

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