Approval of milkrite | InterPuls divestment

RNS Number : 8234Y
Avon Rubber PLC
14 September 2020
 

14 September 2020

Avon Rubber p.l.c.

Approval for the divestment of milkrite | InterPuls

 

Further to the announcement on 2 July 2020, Avon Rubber is pleased to announce that the purchaser, DeLaval Holding BV, is now in receipt of the competition clearance approvals required to acquire milkrite | InterPuls.

 

Following receipt of these approvals the divestment is expected to complete on 25 September 2020.

 

For further enquiries, please contact:

 

Avon Rubber p.l.c.


Paul McDonald, Chief Executive Officer

01225 896 848

Nick Keveth, Chief Financial Officer


Ryan Mahoney, Deputy Chief Financial Officer




MHP Communications


Andrew Jaques

0203 128 8570

Charlie Barker


Pete Lambie

Ailsa Prestige


 

Legal Entity Identifier: 213800JM1AN62REBWA71

Note to editors:  

Avon Rubber is listed on the London Stock Exchange (LSE: AVON) and is a constituent of the FTSE 250 Index.

Avon Rubber is an innovative technology group, which designs and produces specialist products and services to maximise the performance and capabilities of its customers.

Avon Protection is a leading provider of life-critical personal protection systems with leading positions within the global respiratory and next generation ballistic protection markets for the world's militaries and first responders.

milkrite | InterPuls is a global leader providing complete milking point solutions to dairy farmers across the world with the aim of improving every farm it touches.

On 2 July 2020, Avon Rubber announced that it had signed an agreement to sell milkrite | InterPuls to DeLaval Holding BV for a cash consideration of £180 million on a cash and debt free basis.

For further information, please visit our website: www.avon-rubber.com

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