Avon Rubber set for ballistic protection boost

Avon Rubber (LON:AVON) businesses traded strongly in the second half and there is more to come this year from the acquisition of 3M’s ballistic protection business. How much it contributes will depend on the timing of US approvals of the acquisition.

Full year figures will be published on Thursday. Protection generates more than two-thirds of group revenues and dairy equipment the rest. In the year to September 2019, pre-tax profit is expected to improve from £27.2m to £30.4m.

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.