TPT September 2009

I ndustry N ews

Hill & Smith announces disposal of investment in Neholl BV

IEC 17025:2005 General Requirements for the Competence of Testing and Calibration Laboratories. The laboratory also meets the requirements of ANSI/NCSL Z540-1-1994 and any additional programme requirements in the field of calibration. The accreditation demonstrates technical competence for a defined scope and the operation of a laboratory quality management system (refer to joint ISO- ILAC-IAF Communiqué dated 18 June 2005). Sensor Developments Inc – USA Fax : +1 248 391 0107

HILL & Smith Holdings Plc, the international group with positions in the supply of infrastructure products and galvanising services to global markets, has announced the disposal of its minority investment in Neholl BV, a Netherlands-based holding company with galvanising operations across the Benelux region, for a cash consideration of €5.8mn. The minority investment was classified as an Available for Sale Financial Asset at 31 December 2008 and no income was included in the Income Statement in 2008. The disposal will result in a profit on disposal of c. €1.1mn. The proceeds will be used to reduce the Group’s net debt. Hill & Smith’s interim results were due to be announced on 17 August 2009. Overall, trading in the period has been in line with the board’s expectations. Notably, a reduction in net debt of more than £30mn has been achieved since December 2008, through

cash generated from operations, tight working capital management, exchange rate movements and the proceeds from the disposal reported above. Hill & Smith Holdings Plc – UK Fax : +44 121 704 7439 Email : enquiries@hsholdings.com Website : www.hsholdings.co.uk

Sensor gains accreditation from the A2LA

Email : sensor@sendev.com Website : www.sendev.com

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A2LA has accredited Sensor Developments Inc, USA, for technical competence in the field of calibration. The laboratory is accredited in accordance with the recognised International Standard ISO/

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S eptember 2009

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