HILLSDOWN BUYS BEDDING COMPANIES FOR 23 MLN DLRS
  Hillsdown Holdings Plc &lt;HLDN.L> said its
  Christie-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.
  

