Avon acquires International Safety Instruments

By Liz White, ERJ staff
Avon Rubber plc has bought International Safety Instruments Inc. based in Lawrenceville, Georgia for $20.7 million (Euro 17 million). The acquisition is “a key element of Avon’s growth strategy for its new protection division, Avon Protection Systems (APS),” said Avon, in a statement on the deal.

ISI’s owner and chief executive Donald Dawson will receive a further $2 million if he remains with the company until 2007.

Avon said it set up its new protection division to meet the respiratory…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with