Business
Sale and leaseback of Cadilla
Sale and leaseback of Cadilla.
About this update from Avon Technologies Plc
[{"type":"text","content":"\n RNS Number : 1647S Avon Rubber PLC 06 September 2010 \n \n\n \nStrictly embargoed until 07:00 6 September 2010\nAVON RUBBER p.l.c.\n(\"Avon\", the \"Group\" or the \"Company\")\n \n \nSALE AND LEASEBACK OF CADILLAC FACILITY\n \nAvon announces the completion of the sale and leaseback of their Avon Protection Systems facility in Cadillac, Michigan, USA to RMD Cadillac, LLC and two other purchasers. The transaction has a sale value of $2.6m (£1.7m) and the net proceeds after fees and other associated costs will approximate the net book value of this asset on disposal. The net proceeds of $2m (after tax) will be used to pay down debt.\n \n \n<end>\n \nFor further enquiries, please contact:\n\n\n\n\nAvon Rubber p.l.c.\n\n\n\n\n\n\n\nPeter Slabbert, Chief Executive\n\n\n01225 896831\n\n\n\n\nAndrew Lewis, Group Finance Director\n\n\n01225 896830\n\n\n\n\nFiona Stewart, Corporate Communications Executive\n\n\n01225 896871\n\n\n\n\nWeber Shandwick Financial\n\n\n\n\n\n\n\nNick Oborne\n\n\n020 7067 0700\n\n\n\n\nClare Thomas\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n \n \n \n \n \n \n \nNOTES TO EDITORS: Avon Rubber p.l.c. is a world leader in the design, test and manufacture of advanced Chemical, Biological, Radiological and Nuclear (CBRN) respiratory protection solutions to the worlds military, law enforcement, first responder, emergency services, fire and industrial markets. Avon has a unique capability in CBRN protection based on a range of advanced CBRN technologies in respirator design, filtration and compressed air breathing apparatus. This enables Avon to develop specialised solutions that take full account of user requirements. Avon also owns a world leading dairy business manufacturing liners and tubing for the automated milking process. For further information please visit the Group's website www.avon-rubber.com\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCLLFLRALIVIII \n ","length":6668,"tagName":"div"}]