3rd Feb 2006 13:30
Hill & Smith Hldgs PLC03 February 2006 Proposed acquisition of Metnor Galvanizing The boards of Hill & Smith Holdings PLC ("Hill & Smith") and Metnor Group PLC("Metnor") are pleased to announce that they have today signed non-binding Headsof Agreement for the acquisition by Hill & Smith of the galvanizing business ofMetnor ("Metnor Galvanizing"). The Heads of Agreement include an indicativeoffer of £10.0 million in cash for the galvanizing business and associatedproperty, plant and equipment. The indicative offer is subject to a number ofconditions including due diligence and the transaction is subject to priorregulatory approval. Metnor Galvanizing, which is based in Chesterfield, provides galvanizing andrelated services to the construction industry. A further announcement will be made when appropriate. Further information: David Grove, Chief ExecutiveHill & Smith Holdings PLCTel: 0121 704 7430 Stephen Rankin, Chief ExecutiveMetnor Group PLCTel: 0191 268 4000 End 3/3/6 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Hill & Smith