trending Market Intelligence /marketintelligence/en/news-insights/trending/OIzh2prHUGHHSrfkkdouMQ2 content esgSubNav
In This List

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

Podcast

Master of Risk | Episode 7 : John Kevill

Blog

The World's Largest P&C Insurers, 2023

Blog

The Worlds Largest Life Insurers, 2023

Blog

Banking Essentials Newsletter: 29th November Edition


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.