Plenty to go for

Article Abstract:

United Industries has undergone a recovery which is not reflected in its share price. The company acquired three engineering plastics concerns in Mar 1994 from BBA including Perplas, which has a small, but growing medical products division. A second acquisition, Railko, produces bearings for ships, and is geared to the Far East, where S Korea and Japan account for some 80% of new ship production. Holden Hydroman produces bumpers for motor vehicles and could be hit by weak sales of cars in 2nd half 1995, but performed well in 1st half 1995.

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Cost saving benefits

Article Abstract:

United Industries produces springs and plastics. The company acquired Neepsend in 1998, and has boosted efficiency and cut costs, which should help profits. Disposals will be made from Neepsend's non-core operations, and this should allow gearing to drop in 1999, permitting selected acquisitions. The biggest proportion of operating profit comes from plastics and there has been strong demand for some products, such as polyethylene products. The company's profit is forecast at 7 million pounds sterling for 1999 by Merrill Lynch.

Steel springs, except wire, Wire springs, Spring (Light Gauge) Manufacturing, Steel Springs ex Wire, Spring (Heavy Gauge) Manufacturing, Engineering services, Engineering firms, Wire industry, Steel springs

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Road to recovery

Article Abstract:

Hill and Smith should benefit from new management, with David Grove appointed as chief executive following his work as acting managing director. The company is well placed in a number of markets including pipe-support systems and road safety products. Police authorities are calling for more road safety in the United Kingdom, and this should help boost demand for Hill and Smith's products. The company has cut employee costs and has reduced stocks, and it may carry out acquisitions.

Sign Manufacturing, Signs and advertising specialities, Road Signs & Markers

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