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…

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