US facility consolidation

RNS Number : 6310B

Avon Rubber PLC

06 March 2014

 

Strictly embargoed until 07:00 Thursday 6 March 2014

AVON RUBBER p.l.c. ("Avon", the "Group" or the "Company")

US facility consolidation

Avon announces the consolidation of its US Protection & Defence operations from four existing sites into three ahead of the expiry of the lease on its Lawrenceville, GA facility in June 2015.

The relocation, and subsequent closure of the Lawrenceville facility, will take place during the current calendar year and will yield annualised cost savings of approximately £1m, commencing in the 2015 financial year. The cost of the relocation is expected to be £2m and will be accounted for as a non-recurring item in the 2014 income statement.

Peter Slabbert, Chief Executive, commented:

"Avon is committed to being a leading supplier of supplied air respiratory products. We continue to invest in new technologies and services and in delivering superior quality products to military, fire fighter and other first responder users. We expect our customers to benefit from this consolidation through improved service and greater operational efficiencies."

"Our primary concern is to support our employees in Lawrenceville at this difficult time."

For further enquiries, please contact:

Avon Rubber p.l.c.
Peter Slabbert, Chief Executive	01225 896831
Andrew Lewis, Group Finance Director	01225 896830
Sarah Matthews-DeMers, Group Financial Controller	01225 896835
Sophie Williams, Group Public Relations Manager	01225 896563
Weber Shandwick Financial
Nick Oborne	020 7067 0700

Note to editors: The Group has transformed itself over the past five years into an innovative design and engineering group specialising in two core markets, Protection & Defence and Dairy. With a strong emphasis on research and development we design, test and manufacture specialist products from a number of sites in the US and UK, serving markets around the world. We achieve this through nurturing the talent and aspirations of our employees to realise their highest potential.

Avon Protection is the recognised global market leader in advanced Chemical, Biological, Radiological and Nuclear (CBRN) respiratory protection systems technology for the world's military, homeland security, first responder, fire and industrial markets. With an unrivalled pedigree in mask design dating back to the 1920's, Avon Protection's advanced products are the first choice for Personal Protective Equipment (PPE) users worldwide and are placed at the heart of many international defence and tactical PPE deployment strategies. Our expanding global customer base now includes military forces, civil and first line defence troops, emergency service teams and industrial, marine, mineral and oil extraction site personnel. All put their trust in Avon's advanced respiratory solutions to shield them from every possible threat.

Our world-leading Dairy business and its Milkrite brand have a global market presence. With a long history of manufacturing liners and tubing for the dairy industry, Milkrite has become the leading innovator and designer for products and services right at the heart of milking. Our goal is always to improve and maintain animal health. Working with the leading scientists and health specialists in the global dairy industry we continue to invest in technology to further improve the milking process and animal welfare. Our products provide exceptional results for both the animal and the milker, making the milk extraction process run smoothly. As our market share and milking experience continue to grow, so does our global presence.

For further information please visit the Group's website www.avon-rubber.com

 

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