From “NASDAQ”:

Hill & Smith PLC has acquired Capital Steel Service, LLC, believing that this acquisition will open up cross-selling opportunities and provide additional manufacturing capacity. This is the company’s fourth completed acquisition in the past year. The initial consideration for the acquisition is $6.25 million, with the potential for an additional $1.2 million based on financial performance targets. Capital Steel reported revenue of $8.1 million and an adjusted EBIT of $1 million for the year ending August 31. Hill & Smith shares closed at 1828 pence on Monday, up 0.66%. Shareholder Robert Hickman will be staying with the business following the acquisition.



Read more: Hill & Smith Acquires Capital Steel Service