HIL hills limited
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News: HIL Hills Ltd updates on agreement with AMES Australasia

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    03/01/17
    08:42
    Post #: 21643955

    Jan 3 (Reuters) - Hills Ltd (HIL)

    • Agreement has been reached with AMES Australasia to take over manufacture and sale of Hills Home Living (HHL) products
    • HHL transition from Woolworths to AMES will result in an improvement in hills' EBITDA for first half of FY17 over first half of FY16
    • Transaction with AMES Australasia involves sale of tooling equipment and trademarks not used by Hills in its core technology businesses
    • Transaction with AMES Australasia involves a commitment on part of AMES to invest in Hills Home Living Brand
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