Britain’s Avon Rubber plc said on Tuesday it has completed its $130 million acquisition of Cleveland-based Team Wendy, a designer and manufacturer of head protection systems for military, law enforcement, search and rescue, and adventure sports markets.
Team Wendy’s senior management, including its president and department directors, remain with the company.
“The acquisition of Team Wendy is another important strategic step in the transformation of Avon Rubber into a leading provider of life critical personal protection systems,” Paul McDonald, Avon’s CEO, said in a statement. “Bringing Team Wendy into the same family with our existing Helmets & Armor business establishes Avon Protection as a global leader in military and first responder helmets, with an enhanced and broader product portfolio with stronger capabilities and routes to market.”
In addition to its various helmets, Team Wendy also has proprietary technology around helmet liner and retention systems.
Team Wendy had $44.2 million in sales and $13.4 million in operating income in 2019. The company has 130 employees and has customers in more than 50 countries, including the Australian Defense Forces, Federal Emergency Management Agency rescue task forces, and the Los Angeles Police Department SWAT forces.