Solihull-based Hill & Smith Holdings (
www.hsholdings.co.uk) — an international group of companies with ‘leading positions’ in the design, manufacture and supply of infrastructure products and the provision of galvanising services — has reported that its revenues rose by 11.5% (from £201.5 million to £224.7 million) between 1 July and 31 October.
During the same period the company completed two acquisitions for a total of $18.6 million.
The business assets of Engineered Endeavours in Ohio, USA, were bought for $6.4 million in August, while Composite
Advantage — also based in Ohio — was bought in October for ‘an initial cash consideration’ of $10.6 million.
A statement to the London Stock Exchange said: “The board expects full-year 2018 results to be in line with current market expectations.
"In October, the group was encouraged to hear the announcement of further significant investment in the UK roads network.
"The delivery of ‘smart motorways’, in which the group has an active and significant presence, continues to lie at the core of the Government’s investment in the strategic road network.”