IN BRIEF: Hill & Smith completes GBP5 million Capital Steel takeover
9th 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. Read More