22nd Jun 2015 06:53
LONDON (Alliance News) - Avon Rubber PLC on Monday said it has struck a USD5.1 million deal to acquire Hudstar Systems Inc in cash.
Hudstar is a Florida-based designer and manufacturer of electronic control systems used in powered and supplied air respiratory systems, primarily for Avon's Deltair product.
"The addition of Hudstar's technology and expertise in electronics adds to Avon's capability and will, in addition to providing short term cost savings, provide longer term product development opportunities in this key technology area," said Avon Rubber Chief Executive Peter Slabbert.
By Sam Unsted; [email protected]; @SamUAtAlliance
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