Avon Rubber PLC
01 August 2006
AVON RUBBER p.l.c.
('Avon Rubber')
Disposal of Avon Rubber's Automotive Division
On 22 May 2006, Avon Rubber announced that it had entered into a conditional
agreement to sell Avon Automotive to Petrol Automotive Holdings Inc., a company
established and controlled by Red Diamond Capital, L.P. and a management team
led by Leland Richards. It was anticipated that completion would occur by no
later than 31 July 2006. Due to the delayed finalisation of certain legal
requirements in the Czech Republic, the period for completion has now been
extended to 31 August 2006.
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For further enquiries, please contact:
(Local/Trade Press) 01225 896 300
Fiona Stewart
Weber Shandwick Square Mile 020 7067 0700
Richard Hews
Rachel Taylor
Stephanie Badjonat
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 £55 million.
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