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Business/Financial

Avon Rubber To Acquire Helmet Company Team Wendy

By Cal Biesecker

Wednesday, September 9th, 2020

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Avon Rubber To Acquire Helmet Company Team Wendy

Team Wendy's EXFIL ballistic helmet. Photo: Team Wendy

Britain’s Avon Rubber on Wednesday said it has agreed to acquire Cleveland, Ohio-based Team Wendy, a developer and supplier of head protection systems for military, first responder and other markets for $130 million in cash, a deal that further builds out its products and capabilities in personal protection systems. The pending transaction, which is expected to close before the end of 2020 subject to approval by Avon Rubber shareholders and U.S. regulators, follows Avon’s $91 million acquisition in January of…

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