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BRIEF-Hills Ltd updates on agreement with AMES Australasia

Published 03/01/2017, 08:41 am
Updated 03/01/2017, 08:50 am
© Reuters.  BRIEF-Hills Ltd updates on agreement with AMES Australasia

Jan 3 (Reuters) - Hills Ltd HIL.AX

* 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 Source text for Eikon: ID:nASX5VtRbV Further company coverage: HIL.AX

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