New contract success for Avon

 

TIDMAVON 
 
RNS Number : 0453Z 
Avon Rubber PLC 
15 September 2009 
 

 
 
 
 
 
 
Strictly embargoed until 07:00 15th September 2009 
 
 
AVON RUBBER p.l.c. 
("Avon", the "Group" or the "Company") 
 
 
NEW CONTRACT SUCCESS FOR AVON 
 
 
Avon has received a new 5 year contract award from the US Department of Defense 
(DoD) for the M53 Protective Mask. The M53 system is a new derivative of the M50 
respirator and provides capability for use with all recognised forms of Personal 
Protection Equipment (PPE). The initial order under this contract is for $3.7m 
with an overall potential of $43.4m. 
 
 
The M53 systems are to be delivered to the United States Department of Defense, 
the United States Coast Guard and the United States National Guard, opening a 
new customer base for Avon. 
 
 
Avon also announces the completion of the sale and leaseback of their Avon Dairy 
Solutions facility in Johnson Creek, Wisconsin, USA to Robin Associates LLC. The 
transaction has a sale value of $5.2m (GBP3.1m) and will generate $4.0m 
(GBP2.4m) of net cash after fees, taxation and other associated costs. These 
proceeds will be used to pay down debt.  The book value of the asset was GBP0.8m 
resulting in a profit (before taxation) on disposal of GBP2.1m which will be 
treated as an exceptional operating item in 2009. 
<end> 
For further enquiries, please contact: 
+-----------------------------------------+-------+--------------------------------+ 
| Avon Rubber p.l.c.                      |                                        | 
+-----------------------------------------+----------------------------------------+ 
| Peter Slabbert, Chief Executive         |                           01225 896831 | 
+-----------------------------------------+----------------------------------------+ 
| Andrew Lewis, Group Finance Director    |                           01225 896830 | 
+-----------------------------------------+----------------------------------------+ 
| Fiona Stewart, Corporate Communications         |                   01225 896871 | 
| Executive                                       |                                | 
+-------------------------------------------------+--------------------------------+ 
| Weber Shandwick Financial               |                                        | 
+-----------------------------------------+----------------------------------------+ 
| Nick Oborne                             |                          020 7067 0700 | 
+-----------------------------------------+----------------------------------------+ 
| Clare Thomas                            |                                        | 
+-----------------------------------------+-------+--------------------------------+ 
 
 
NOTES TO EDITORS: Avon Rubber p.l.c. is a world leader in the design, test and 
manufacture of advanced Chemical, Biological, Radiological and Nuclear (CBRN) 
respiratory protection solutions to the worlds military, law enforcement, first 
responder, emergency services, fire and industrial markets. Avon has a unique 
capability in CBRN protection based on a range of advanced CBRN technologies in 
respirator design, filtration and compressed air breathing apparatus. This 
enables Avon to develop specialised solutions that take full account of user 
requirements. Avon also owns a world leading dairy business manufacturing liners 
and tubing for the automated milking process. For further information please 
visit the Group's website www.avon-rubber.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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