UK-based Avon Rubber p.l.c. completed its acquisition of Team Wendy for $130 million.
Team Wendy, a supplier of head protection systems for military, law enforcement, search and rescue, and adventure markets, now operate as a subsidiary of Avon Protection, the parent of Avon Protection System, from the company’s current headquarters in Cleveland, OH. Team Wendy will continue to be led by its President, Jose Rizo-Patron, and Department directors.
The acquisition follows Avon Protection’s acquisition of 3M’s ballistic protection business and the Ceradyne brand earlier this year.
“Today we start an exciting new chapter for Team Wendy that will usher in new opportunities for our employees, our customers and our business partners,” said Rizo-Patron. “We remain focused on our vision to save lives by providing the best for anyone wearing a helmet.”
“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,” said Paul McDonald, chief executive officer of Avon. “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.”
Photo courtesy Team Wendy
