Approval of milkrite | InterPuls divestment

RNS Number : 8234Y

Avon Rubber PLC

14 September 2020

 

14 September 2020

Avon Rubber p.l.c.

Approval for the divestment of milkrite | InterPuls

Further to the announcement on 2 July 2020, Avon Rubber is pleased to announce that the purchaser, DeLaval Holding BV, is now in receipt of the competition clearance approvals required to acquire milkrite | InterPuls.

Following receipt of these approvals the divestment is expected to complete on 25 September 2020.

For further enquiries, please contact:

Avon Rubber p.l.c.
Paul McDonald, Chief Executive Officer	01225 896 848
Nick Keveth, Chief Financial Officer
Ryan Mahoney, Deputy Chief Financial Officer
MHP Communications
Andrew Jaques	0203 128 8570
Charlie Barker
Pete Lambie Ailsa Prestige

Legal Entity Identifier: 213800JM1AN62REBWA71

Note to editors:  

Avon Rubber is listed on the London Stock Exchange (LSE: AVON) and is a constituent of the FTSE 250 Index.

Avon Rubber is an innovative technology group, which designs and produces specialist products and services to maximise the performance and capabilities of its customers.

Avon Protection is a leading provider of life-critical personal protection systems with leading positions within the global respiratory and next generation ballistic protection markets for the world's militaries and first responders.

milkrite | InterPuls is a global leader providing complete milking point solutions to dairy farmers across the world with the aim of improving every farm it touches.

On 2 July 2020, Avon Rubber announced that it had signed an agreement to sell milkrite | InterPuls to DeLaval Holding BV for a cash consideration of £180 million on a cash and debt free basis.

For further information, please visit our website: www.avon-rubber.com

 

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