Avon Rubber PLC
04 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 had
exchanged contracts for the sale of its Aerosol Gasket business to Crosslinks
Limited, 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, the
proceeds will be utilised to reduce current borrowings.
< ends >
For further enquiries, please contact:
Avon Rubber p.l.c
Terry Stead, Chief Executive 01225 896 831
Peter Slabbert, Group Finance Director
Fiona Stewart, Corporate Communications Executive 01225 896 871
Weber Shandwick Financial
Richard Hews 020 7067 0700
Rachel Martin
Hannah Marwood
NOTES TO EDITORS: Avon Rubber p.l.c. is an international polymer engineering
group adding value through material, manufacturing and industry sector
expertise. The Group is currently capitalised at approximately £31 million. Avon
supplies a range of advanced CBRN respiratory protection solutions through Avon
Protection Systems Inc. to the world's military and police forces, as well as
first responders and emergency services. Avon Rubber p.l.c. owns Avon-ISI, which
designs, develops and manufactures a range of SCBA equipment for fire, rescue
and law enforcement, as well as military applications. Avon Rubber p.l.c. also
owns Avon Engineered Fabrications manufacturing products including hovercraft
skirting and flexible storage tanks and a world leading dairy business
manufacturing dairy liners and tubing.
This information is provided by RNS
The company news service from the London Stock Exchange
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