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Share Price: 1,966.00

Bid: 1,960.00

Ask: 1,968.00

Change: 6.00 (0.31%)

Spread: 8.00 (0.408%)

Open: 1,944.00

High: 1,966.00

Low: 1,944.00

Prev. Close: 1,960.00

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IN BRIEF: Hill & Smith completes GBP5 million Capital Steel takeover

Tue, 09th Jan 2024 08:44

Hill & Smith PLC - Solihull, England-based provider of sustainable infrastructure products and services - Completes acquisition of the business and assets of Capital Steel Service LLC. Hill & Smith pays initial consideration of USD6.3 million in cash, approximately GBP5 million. Further consideration of up USD1.2 million will be payable if Capital Steel achieves financial performance targets over the next two years. Capital Steel, which supplies structural steel products and services for electrical transmission and distribution, reported USD8.1 million in revenue for the year that ended on August 31. Hill & Smith expects the acquisition to be earnings enhancing this year.

Executive Chair Alan Giddins says: "Capital Steel operates in one of our most attractive end markets, and the acquisition is in line with our strategy of acquiring businesses with strong long-term growth potential...It is an excellent fit with our existing, high-growth US utility business."

Current stock price: 1,818.00 pence

12-month change: up 51%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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22 May 2014 15:57

Jupiter finance chief reduces stake amid controversy at AGM

Jupiter Fund Management's Chief Financial Officer, Philip Johnson, traded in 63,588 shares, making only a small dent in his holding, which was reduced to 1.32m. Johnson, who took up the role in 2009, paid 383.80p per share, giving the deal a trade value of £244,051. The purchase was made the day

22 May 2014 12:04

DIRECTOR DEALINGS: Hill & Smith Non-Executive Sells 10,000 Shares

LONDON (Alliance News) - Hill & Smith Holdings PLC Thursday said Non-Executive Director Clive Snowdon sold 10,000 shares at a price of 556.10 pence per share. Following this transaction, Snowdon now holds 28,930 shares. Shares in the building and infrastructure products maker were up

15 May 2014 09:55

Thursday tips round-up: Hill&Smith, 3i

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14 May 2014 09:44

Hill & Smith Trading In Line; Amends Credit Facility

LONDON (Alliance News) - Infrastructure products group Hill & Smith Holdings PLC Wednesday said it continues to trade in line with expectations in 2014, with strong demand across all its business arms. The group has three reportable segments: Infrastructure Products - Roads; Infrastructure

14 May 2014 09:34

Wednesday broker round-up UPDATE

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UK MORNING BRIEFING: ITV Weighs On FTSE 100 Despite Strong Revenue

LONDON (Alliance News) - Share have opened mixed in London Wednesday, with the FTSE 100 underperforming small- and mid-cap indices, ahead of UK economic data and announcements by the Bank of England.

The blue-chip index is being weighed down by broadcaster ITV, whos

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IN BRIEF: Hill & Smith completes GBP5 million Capital Steel takeover

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