Billington, a company focused on its structural steel & engineering activities, completed the acquisition of the agricultural supplies division of Carr's, an agriculture and engineering group, for $52m. "The agricultural supplies division, trading as Carr's Billington Agriculture, has been a key part of the Group's growth and development over the past 20 years. Following the strategic review, the Board is confident that now is the right time for a single owner and management team to take the business forward. This transaction represents a compelling and immediate realisation of value for all of our shareholders, streamlines the business and provides the Board with a clear strategic direction for driving future growth. We look forward to updating on further progress in due course," Peter Page, Carr's Executive Chairman.