Economy

Avon Protection sells loss-making body armour site to US rival

World War II respirator maker Avon Protection sells loss-making body armor site to U.S. rival CoorsTek

Avon Protection has agreed to sell a major factory to a US rival as it winds down its loss-making armor business.

The Wiltshire-based headgear manufacturer, which went public in 1949 after supplying gas masks during World War II, will transfer its Lexington, Kentucky, plant to ceramics manufacturer CoorsTek for a “modest cash consideration.”

The site makes ceramic plates, which are necessary for the body armor and ballistic vests worn by soldiers and police.

Avon Protection will transfer its Lexington, Kentucky, plant to ceramics manufacturer CoorsTek for a ‘modest cash consideration’

Avon expects to close the armor business in the second half of next year upon completion of customer contracts.

The decision was made last December after the failure of tests of an important body armor.

It means that Avon is lagging behind in its respirator and ballistic helmet business.

Avon chairman Bruce Thompson said they were “delighted to announce the sale of the Lexington plant.”

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Jacky

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