Avon Rubber PLC
20 September 2004
20 September 2004
AVON RUBBER p.l.c. PURCHASES REMAINING SHARE OF BELL AVON
Avon Rubber p.l.c. (Avon) announces the purchase of the remaining shareholding
in Bell Avon, Inc from Textron, Inc. (Textron) for a total cash consideration of
US$1.4 million.
Bell Avon was formed in 1984 as a joint venture with Textron and is now a wholly
owned subsidiary operating within Avon's Technical Products division. It is the
only company in the Avon group to specialise in flexible fabrications.
Bell Avon is based in Picayune, Mississippi, USA and their principal products
are hovercraft skirt systems and flexible tanks for the temporary storage of
water and fuel for the US armed forces. For now, the company will continue to
trade under the name Bell Avon, Inc., but a new name will be adopted in due
course.
The parent company, Avon Rubber p.l.c., is listed on the London Stock Exchange
and is a manufacturer of a range of high technology rubber products for
Automotive and Technical Products markets.
< ends >
Enquiries:
Avon Rubber p.l.c.
Jayne Hunt, Group Communications & PR Direct Line :+44 (0) 1225 861169
Switchboard :+44 (0) 1225 861100
Weber Shandwick Square Mile
Richard Hews and Stephanie Badjonat 020 7067 0700
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPUURUBUPCGGU
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.