Pultruder Creative Pultrusions Inc. (Alum Bank, Pa.) announced on Aug. 26 that it has entered into an agreement with Hill & Smith Holdings PLC (Shirley, U.K.) whereby Hill & Smith will purchase 100 percent of the capital stock of Creative Pultrusions. Hill & Smith is an infrastructure, galvanizing, construction and building products company. Creative Pultrusions will become a wholly owned subsidiary of Hill & Smith through its U.S. subsidiary, Hill & Smith Holdings Inc. The transaction is subject to customary closing conditions and, as this issue of CT went to press, was expected to be completed by the end of September.

Hill & Smith, through its U.K. subsidiary Redman Fisher, has shared a strategic relationship with Creative Pultrusions since 2006 as a result of a marketing and manufacturing agreement that enabled Redman Fisher to manufacture pultruded glass-reinforced polymer products at its Telford, U.K., facility. For two years, Creative Pultrusions has provided technological assistance to Redman Fisher and now will play a key role in the expansion of Hill & Smith's product offerings. Presumably, this will include expanding the use of composite materials in Hill & Smith's infrastructure and construction businesses.

Robert D. Sweet, Jr., founder and CEO of Creative Pultrusions, will retire as CEO following completion of the transaction, but he will continue to serve the company as a consultant. The new CEO will be Creative Pultrusion's current COO, Shane E. Weyant. There will be no other changes in senior management.