4th Mar 2008 14:15
Avon Rubber PLC04 March 2008 4 March 2008 AVON RUBBER p.l.c. ( "the Group" or "the Company") Sale of Aerosol Gasket business ("the business") On 8 February 2008, the Board of Avon Rubber p.l.c announced that it hadexchanged contracts for the sale of its Aerosol Gasket business to CrosslinksLimited, based in South Wales and Corsham, Wiltshire, for a consideration of£1.75 million payable in cash on completion of the sale. Completion of the disposal has now taken place and, as previously announced, theproceeds will be utilised to reduce current borrowings. < ends > For further enquiries, please contact: Avon Rubber p.l.cTerry Stead, Chief Executive 01225 896 831Peter Slabbert, Group Finance DirectorFiona Stewart, Corporate Communications Executive 01225 896 871 Weber Shandwick FinancialRichard Hews 020 7067 0700Rachel MartinHannah Marwood NOTES TO EDITORS: Avon Rubber p.l.c. is an international polymer engineeringgroup adding value through material, manufacturing and industry sectorexpertise. The Group is currently capitalised at approximately £31 million. Avonsupplies a range of advanced CBRN respiratory protection solutions through AvonProtection Systems Inc. to the world's military and police forces, as well asfirst responders and emergency services. Avon Rubber p.l.c. owns Avon-ISI, whichdesigns, develops and manufactures a range of SCBA equipment for fire, rescueand law enforcement, as well as military applications. Avon Rubber p.l.c. alsoowns Avon Engineered Fabrications manufacturing products including hovercraftskirting and flexible storage tanks and a world leading dairy businessmanufacturing dairy liners and tubing. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Avon Protection