Hill & Smith to acquire Creative Pultrusions

Robert Sweet, founder and CEO of Creative Pultrusions, will retire, but continue as consultant. COO Shane Weyant becomes CEO.

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Creative Pultrusions Inc. (Alum Bank, Pa.), a manufacturer of high-strength pultruded products, 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.

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. The agreement has enabled Redman Fisher to manufacture pultruded glass-reinforced plastic products at its Telford, U.K., facility. Creative Pultrusions is now expected to help Hill & Smith expand its infrastructure and construction businesses further into composites products.

Robert D. Sweet, Jr., founder and CEO of Creative Pultrusions, will retire as CEO following completion of the transaction, but will continue to serve the company as a consultant. The new CEO will be Creative Pultrusion’s current COO, Shane E. Weyant.