It's been on the market for years, but no one wants to buy it, especially with the John Easling issues. So it was probably better to buy an incremental piece than have private equity as your partner.
I really worry about the direction of Hills, Graham Twartz looks out of his depth and with John Easling's Renegade Roofing company coming thru, it could be a very long, hard and expensive road for Hills.
P
HIL Price at posting:
$2.07 Sentiment: None Disclosure: Held