Hill & Smith has strengthened its position in supplying infrastructure products including bollards and barriers with the \u00a322.5m acquisition of ATG Access.<\/p>\n
The deal results in the exit of LDC, which first backed St Helens-based ATG in 2013.<\/p>\n
Hill & Smith is a stock market-listed group which mainly manufactures products for the construction industry. A significant part of its \u00a3600m turnover comes from infrastructure products for roads, such as permanent and temporary road safety barriers, hostile vehicle mitigation products and street lighting columns.<\/p>\n
Derek Muir, Hill & Smith’s group chief executive, said: “The acquisition provides the group with a strong platform to introduce new products and new geographies, thereby accelerating the expansion of both our existing UK and international roads businesses.”<\/p>\n
ATG generates annual sales of \u00a321m from its high security vehicle barrier systems, which are used in airports, stadia, railway stations, office developments and shopping centres.<\/p>\n
It exports to more than 30 countries, with around 40% of its turnover coming from international markets.<\/p>\n
Gavin Hepburn, managing director of ATG Access, said: \u201cThis is the next step in our growth journey and will bring exciting new opportunities to our people and our customers.<\/p>\n
“Becoming part of a global group like Hill & Smith will support our business continue to grow in overseas markets around the world.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Deal will give manufacturer access to new markets<\/p>\n","protected":false},"author":18,"featured_media":2026737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"coauthors":[81],"class_list":["post-2026732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","tag-featured-story","tag-top-story"],"yoast_head":"\n