HILS Hill & Smith Plc

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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