Business
Completion of Disposal
Completion of Disposal.
About this update from Avon Technologies Plc
[{"type":"text","content":"\n Avon Rubber PLC\n04 March 2008\n\n\n4 March 2008\n\n\n AVON RUBBER p.l.c.\n ( 'the Group' or 'the Company')\n\n Sale of Aerosol Gasket business ('the business')\n\nOn 8 February 2008, the Board of Avon Rubber p.l.c announced that it had\nexchanged contracts for the sale of its Aerosol Gasket business to Crosslinks\nLimited, based in South Wales and Corsham, Wiltshire, for a consideration of\n£1.75 million payable in cash on completion of the sale.\n\nCompletion of the disposal has now taken place and, as previously announced, the\nproceeds will be utilised to reduce current borrowings.\n\n < ends >\n\nFor further enquiries, please contact:\n\nAvon Rubber p.l.c\nTerry Stead, Chief Executive 01225 896 831\nPeter Slabbert, Group Finance Director\nFiona Stewart, Corporate Communications Executive 01225 896 871\n\nWeber Shandwick Financial\nRichard Hews 020 7067 0700\nRachel Martin\nHannah Marwood\n\nNOTES TO EDITORS: Avon Rubber p.l.c. is an international polymer engineering\ngroup adding value through material, manufacturing and industry sector\nexpertise. The Group is currently capitalised at approximately £31 million. Avon\nsupplies a range of advanced CBRN respiratory protection solutions through Avon\nProtection Systems Inc. to the world's military and police forces, as well as\nfirst responders and emergency services. Avon Rubber p.l.c. owns Avon-ISI, which\ndesigns, develops and manufactures a range of SCBA equipment for fire, rescue\nand law enforcement, as well as military applications. Avon Rubber p.l.c. also\nowns Avon Engineered Fabrications manufacturing products including hovercraft\nskirting and flexible storage tanks and a world leading dairy business\nmanufacturing dairy liners and tubing.\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n GGGFDDMGRZM \n ","length":2319,"tagName":"div"}]