trending Market Intelligence /marketintelligence/en/news-insights/trending/OIzh2prHUGHHSrfkkdouMQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

3M completes sale of advanced ballistic protection unit to Avon Rubber

Blog

So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?

Blog

Industry Top Trends 2021: Oil and Gas

Blog

Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining


3M completes sale of advanced ballistic protection unit to Avon Rubber

3M Co. completed the sale of its advanced ballistic protection unit to U.K.-based Avon Rubber PLC for $91 million, before closing and other adjustments.

An additional $25 million is payable depending on the outcome of pending tenders. About 280 3M employees will join Avon Rubber as a result of the sale, which the industrial conglomerate said will have a neutral impact to its EPS.

The advanced ballistic protection unit makes ballistic helmets, body and flat armor and related products for government and law enforcement clients. Avon Rubber makes advanced hazard protection systems for military, law enforcement and fire services.