Avon Rubber in $90m deal to buy 3M’s protection business

Melksham, UK – Avon Rubber plc is acquiring 3M’s ballistic-protection business for an initial cash consideration of $91 million (€81 million), which could increase by up to $25 million depending on the outcome of pending contract bids.

The unit is part of 3M’s advanced materials business, and consists of ballistic helmets, body armour, flat armour and related helmet-attachment products for law enforcement.

The move to sell the unit is a part of 3M’s ongoing portfolio management, 3M announced 7 Aug.

For Avon, which already supplies protection masks to…

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