Hill & Smith Sees Robust Trading; Buys National Signal, Widnes Galvanising
October 05 2022 - 4:19AM
Dow Jones News
By Kyle Morris
Hill & Smith Holdings PLC said Wednesday that performance
since the half year has remained robust with current
foreign-exchange rates providing for potential outperformance and
that it has bought National Signal and Widnes Galvanising.
The U.K.-based supplier of infrastructure products said it has
bought National Signal, Inc. for $25.3 million, with a further cash
consideration of up to $4.0 million payable conditional on National
Signal's achievement of financial performance targets in the three
years post-acquisition. National Signal is located in Fullerton,
California.
Widnes Galvanising Ltd. was bought for 3.7 million pounds ($4.2
million) and it will further expand the U.K. galvanizing business
into the north west, said.
Shares in Hill & Smith at 0744 GMT were up 10.00 pence, or
1.0%, at 981.00 pence.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
October 05, 2022 04:04 ET (08:04 GMT)
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