LONDON, UK: Hill & Smith Holdings, the international group creating sustainable infrastructure and safe transport through innovation, has exercised its previously announced put option and has now entered into a binding share purchase agreement with a consortium comprising ZINQ France SAS and Sofigalva SAS in relation to the sale of its French galvanizing and steel lighting column operations, France Galva SA.
The disposal is unanimously recommended by the board of directors of Hill & Smith to be in the best interests of shareholders.
Hill & Smith Holdings PLC creates sustainable infrastructure and safe transport through innovation. The Group employs c.4,400 people worldwide with the majority employed by its autonomous, agile, customer focussed operating businesses based in the UK, USA, Australia, India, Sweden and currently France. The Group office is in the UK and it is quoted on the London Stock Exchange (LSE: HILS.L).
The Group’s operating businesses are organised into three main business divisions:
Galvanizing Services: dramatically increasing the sustainability and maintenance free life of steel products including structural steel work, lighting, bridges, agricultural and other products for the industrial and infrastructure markets.
Utilities: supplying engineered steel and composite solutions with low embodied energy for a wide range of infrastructure markets including energy generation and distribution, marine, rail and housing. The division also supplies engineered pipe supports for the water, power and liquid natural gas markets and seismic protection solutions.
Roads & Security: supplying products and services to support road and highway infrastructure including temporary and permanent road safety barriers, renewable energy lighting and power solutions, Intelligent Traffic Solutions, street lighting columns and bridge parapets. The security portfolio includes hostile vehicle mitigation solutions, high security fencing and automated gate solutions.