Hill & Smith Hldgs PLC
26 May 2006
Metnor Galvanizing
It was announced on 3 February 2006 that Hill & Smith Holdings PLC ('Hill &
Smith') and Metnor Group PLC ('Metnor') had signed non-binding Heads of
Agreement for the acquisition for £10 million by Hill & Smith of the galvanizing
business of Metnor ('Metnor Galvanizing'). The non-binding Heads of Agreement
are subject to a number of conditions, including prior regulatory approval.
The Board of Hill & Smith is pleased to note the announcement made earlier today
by the Office of Fair Trading ('OFT') to the effect that the OFT has decided not
to refer the proposed acquisition to the Competition Commission under the
provisions of the Enterprise Act 2002.
Having received regulatory approval, Hill & Smith will now commence detailed due
diligence and will make a further announcement as soon as this is appropriate.
Further information:
David Grove, Chief Executive
Hill & Smith Holdings PLC
0121 704 7430
Quantum Freshwater UK
Edward Carter
0121 633 7775
07770 378097
End 26 May, 2006
This information is provided by RNS
The company news service from the London Stock Exchange