Hill and Smith completes Ash and Lacy sale

A Hill and Smith Holdings product story

Edited by the Buildingtalk editorial team Dec 22, 2009

Hill and Smith Holdings has announced that it has completed the sale of its wholly owned subsidiary Ash and Lacy Perforators.

Ash and Lacy Perforators is a long established business engaged in the manufacture of perforated and expanded metal, mainly supplied to the building and construction industry.

It has been sold to AandL Perforators Limited, a newly formed company under the control of some of the existing directors of Ash and Lacy Perforators.

Commenting on the disposal Derek Muir, chief executive of Hill and Smith, said: "We are continuing to strategically focus the group towards the higher added value infrastructure products activities and the sale of Ash and Lacy Perforators represents a further step in the completion of this strategy".