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 â€œa key element of Avon’s growth strategy for its new protection division, Avon Protection Systems (APS),â€ 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…