Alumasc sells solar shading division Levolux for £1

Building products specialist Alumasc has sold its Levolux solar shading business to private investor Rcapital Partners LLP.
Levolux designs, manufactures, and installs solar shading systems, architectural solutions and balconies that are used to enhance buildings and to reduce the impact of sunlight for occupiers.
Alumasc said demand for new build architectural solutions has taken longer to recover from the Covid-19 slowdown and in the year to June 2022, the business recorded a loss of £2m