Hillsdown Holdings Plc &lt;HLDN.L> said itsChristie-Tyler Ltd unit would buy the European bedding making
interests of Simmons Co U.S.A., Owned by Gulf and Western
Industries Inc USA &lt;GW>, for 23 mln dlrs.
    The acquisitions include &lt;Sleepeeze Ltd> in the U.K.,
&lt;Compagnie Continentale Simmons SA> in France and &lt;Compagnia
Italiana Simmons SpA> in Italy.
    In 1986 the three businesses made pre-tax profit of around
2.5 mln stg on sales of 39 mln stg. Net assets being acquired
come to around nine mln stg.
    Hillsdown shares were unchanged at 266p.
 REUTER
