Jan 3 (Reuters) - Hills Ltd (HIL)
- 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
