Home Business NewsBusiness Hill & Smith continues acquisition push

Hill & Smith continues acquisition push

4th Aug 16 11:46 am

Deal of the day

In reporting half-year results which showed a 27% increase in earnings per share over the same period in 2015, the manufacturer and supplier of infrastructure products Hill & Smith has disclosed its second acquisition in less than a month.

Hill & Smith has acquired the Oldbury-based Signature from Plastic Omnium for £12.5m. Signature has businesses in street lighting columns, road sign and traffic management systems, and made operating profit of £1.9m on revenues of £14.8m in 2015.

The business is highly complementary for Hill & Smith’s division which has long been a national leader in the UK in construction products specialising in roads and traffic management. Hill & Smith’s chief executive Derek Muir says: “Signature has an excellent range of long-established products which will complement our existing product offering into the UK roads market.”

The deal follows a slightly smaller one in July when Hill & Smith bought Technocover from Ensor Holdings for £10m, augmenting its position in high-security access products for the utilities market.

This story first appeared on Acquisitions Daily, a leading publication that provides critical comment, analysis and statistics on every important issue in acquisitions, mergers and buyouts. Sign up here for a free trial.

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